RMB Exchange rate reform

소개글

중국환율 변동에 대한 History와 그 이유, 마지막으로는 향후 전망을 다루고 있습니다.
표지 포함 44 pages로 중국 환율 관련 정리하시기에 큰 도움 될 것으로 판단합니다.
참고로 현재 해외에서 경제학 석사중이며 동 Report만으로 아주 저명하신 교수님께(중국 경제성장율 건으로 CNN 자주 출연) A+ 받았습니다^^

목차

Part I : The history of RMB exchange rate
Part II: The reasons and the impact of RMB appreciation till now
Part III: A Forecast On Trend and future Impact

본문내용

1. Planned currency regime
1949~1977
Set at 2.46 RMB to USD
Control en bloc of whole national revenue and expenditure
Before 70’s, pegged exchange rate
To end the hyperinflation that had plagued China in the final years of the ‘Kumintang’ era. A revaluation occurred in 1955, at the rate of 1 new yuan = 10,000 old yuan.

2. Dual currency system 1st
1978~1984
Official rate (1.53 RMB to USD)
-Securing foreign investment
Internal settlement rate(2.80 RMB to USD)
– Visible trade to encourage exports and restrain imports
With the opening of the mainland Chinese economy in 1978, a dual-track currency system was instituted, with RMB usable only domestically, and with foreigners forced to use foreign exchange certificates.

참고 자료

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