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- W1025323003 abstract "On July 21, 2005, the People's Bank of China announced a new reform plan, according to which, RMB would no longer be pegged to the U.S. dollar but would reform the exchange rate regime by moving into a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies. ① The reform is an important step in the process of China's reform and opening-up. Hence it has special significance for economic development of China. However,what merits attention is that the present international monetary regime is unstable, financial system is very fragile and big powers have shown an unwillingness to take financial cooperation.② This has posed great challenges to the process of RMB exchange rate reform. Now I would like to examine the possible risks of the reform and then try to make some suggestions through making some analysis of the status quo of international monetary and financial system." @default.
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- W1025323003 date "2005-01-01" @default.
- W1025323003 modified "2023-09-27" @default.
- W1025323003 title "RMB Interest Rate reform： Risk of International Monetary Environment" @default.
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