IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-319-40451-6_10.html
   My bibliography  Save this book chapter

An International Non-Convertible Currency

In: China’s Financial System

Author

Listed:
  • Dominique Rambures

    (Paris I University Panthéon Sorbonne)

  • Felipe Escobar Duenas

    (Paris I University Panthéon Sorbonne)

Abstract

Foreign exchange policy is an inherent part of the policy of reform and opening up promoted by Deng Xiao ping: opening up the economy is the reform’s instrument. As the foreign exchange rate is set by the central bank, the Chinese government managed to neutralize foreign exchange policy and keep a tight control over fiscal and monetary policy. In addition, the growing volume of foreign exchange holdings was indispensable to overcome a difficult and dangerous transition period from a close planned economy to an open market economy. Now the government has undertaken a no less difficult and dangerous transition from a public investment-led economy to an economy driven by household consumption, the service industry and innovation.

Suggested Citation

  • Dominique Rambures & Felipe Escobar Duenas, 2017. "An International Non-Convertible Currency," Springer Books, in: China’s Financial System, chapter 10, pages 163-178, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-40451-6_10
    DOI: 10.1007/978-3-319-40451-6_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-319-40451-6_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.