The evolution of China’s currency policy
Keywords:
China, monetary policy, exchange rate, devaluation, revaluation, the internationalization of the currency, government regulation,Abstract
China is one of the world leaders in terms of economic growth. China’s success is largely achieved through a flexible economic policy. It is an integral part of a consistent and sufficiently effective monetary policy. The mechanisms and motives underlying the monetary policy of the state in recent decades, very specific. Often, they are far from standard models and straight decisions, including by virtue of originality economic and historical conditions of the country. The article analyzes the stages of development of China’s currency policy in historical perspective, as well as its main goals, objectives and direction. Particular emphasis is placed on the regulation of the exchange rate regime of the yuan. The problems of monetary policy and ways to solve them.References
1 Yi Gang. Renminbi Exchange rates and relevant institutional factors // Cato Journal. – 2008.- URL http://www.cato.org/
pubs/journal/cj28n2/cj28n2-2.pdf
2 Коrоlevа А. Кitаiy gоtоv к vаlyutnоi vоinе // Expert Online. – 2015, 06 fеvrаlya. – URL http://Expert.Ru/2015/02/6/kitajgotov-k-valyutnoj-vojne
3 Vdovin А. Bankovskaya sistema KNR: klyuchevye problemy // Mirovaya economika i. – 2014. – №9. – s.75-83.
4 Binder А., Коnоnоv А. Valyutnaya politika KNR: istoricheskiy aspekt // Мirovaya ekonomika i mezhdunarodnye otnosheniya.– 2014, Fevral. – № 2. – с. 24-31.
5 Бerger YA. Кitаi v usloviyah globalnogo ekonomicheskogo krizisa // Problemi Dalnego Vostoka. – 2009. – №1. – c.35.
6 Morrison Wayne M. Labonte M. China’s Currency Policy: An Analysis of the Economic Issues //Congressional Research Service. – 2013. – URL https://www.fas.org/sgp/crs/row/RS21625.pdfhttp://www.fas.org/sgp/crs/row/RS21625.pdf
7 Кitаiy ukreplyaet yuan // Кurs Kz. – 2015, 27 маrtа. – URL ˂http://kurs.kz/index.php?s=default&mode=pages&page=953
8 Valyutnye rezervy Kitaya vyrosli pochti do $4 тrln // Rоsbаlt. – 2014, 15 аprelya. – URL http://www.rosbalt.ru/business/2014/04/15/1256997.html
9 Кitаiy imeet vtorye zapasy zolota v mire // Gold Ru – 2014, 11 iyunya. – URL http://gold.ru/news/kitaj-imeet-vtoryezapasy-zolota-v-mire.html
10 Кitаiy narashchivaet svoi zolotye rezervy // Кapital Kz. – 2014, 06 оktyabrya. – URL http://kapital.kz/finance/33908/kitajnaracshivaet-
svoi-zolotye-.html
pubs/journal/cj28n2/cj28n2-2.pdf
2 Коrоlevа А. Кitаiy gоtоv к vаlyutnоi vоinе // Expert Online. – 2015, 06 fеvrаlya. – URL http://Expert.Ru/2015/02/6/kitajgotov-k-valyutnoj-vojne
3 Vdovin А. Bankovskaya sistema KNR: klyuchevye problemy // Mirovaya economika i. – 2014. – №9. – s.75-83.
4 Binder А., Коnоnоv А. Valyutnaya politika KNR: istoricheskiy aspekt // Мirovaya ekonomika i mezhdunarodnye otnosheniya.– 2014, Fevral. – № 2. – с. 24-31.
5 Бerger YA. Кitаi v usloviyah globalnogo ekonomicheskogo krizisa // Problemi Dalnego Vostoka. – 2009. – №1. – c.35.
6 Morrison Wayne M. Labonte M. China’s Currency Policy: An Analysis of the Economic Issues //Congressional Research Service. – 2013. – URL https://www.fas.org/sgp/crs/row/RS21625.pdfhttp://www.fas.org/sgp/crs/row/RS21625.pdf
7 Кitаiy ukreplyaet yuan // Кurs Kz. – 2015, 27 маrtа. – URL ˂http://kurs.kz/index.php?s=default&mode=pages&page=953
8 Valyutnye rezervy Kitaya vyrosli pochti do $4 тrln // Rоsbаlt. – 2014, 15 аprelya. – URL http://www.rosbalt.ru/business/2014/04/15/1256997.html
9 Кitаiy imeet vtorye zapasy zolota v mire // Gold Ru – 2014, 11 iyunya. – URL http://gold.ru/news/kitaj-imeet-vtoryezapasy-zolota-v-mire.html
10 Кitаiy narashchivaet svoi zolotye rezervy // Кapital Kz. – 2014, 06 оktyabrya. – URL http://kapital.kz/finance/33908/kitajnaracshivaet-
svoi-zolotye-.html
Downloads
How to Cite
Hamzaeva А. V. (2016). The evolution of China’s currency policy. International Relations and International Law Journal, 70(2). Retrieved from https://bulletin-ir-law.kaznu.kz/index.php/1-mo/article/view/93
Issue
Section
International relations and foreign policy