|
|
Article: The Institutional and structural problems of China's foreign exchange market and implications for the new exchange rate regime.
- Article from:
- China: An International Journal
- Article date:
- March 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 East Asian Institute, National University of Singapore. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
After briefly reviewing the historical development of China's foreign exchange market, this article examines the structural characteristics of the inter-bank market, describes its current structural problems as well as its institutional constraints and explores the delicate relationship between improving the foreign exchange market structure and reforming the RMB exchange rate regime. The inter-bank market is characterised by lack of market depth, limited transaction types and restricted participation with highly concentrated trading. The compulsory foreign exchange purchase and sales system distorts market supply and demand while the rigid exchange rate regime reduces ...
Related newspaper, magazine, and journal articles:
|
|
Article: (LEAD) Gov't Committed to Preventing FX Market ...
YON - Yonhap News Agency of Korea;
July 27, 2004 ;
700+ words
... ... by 3 percent from the start of the year, the highest in Asia with the exception of Japan. Choi stressed that the current exchange rate of about 1,160 won to the U.S. dollar allows South Korean exporters to make ends meet but not huge profits. To emphasize ...
|
|