검색어 입력폼

The value of the Chinese renminbi

저작시기 2009.03 |등록일 2009.12.29 워드파일MS 워드 (doc) | 11페이지 | 가격 3,000원

소개글

The value of the Chinese renminbi 영문작성 리포트

목차

Introduction

Chinese economy and currency regime

Assessment of recent movement of Chinese currency

Estimating the equilibrium value of the renminbi

Relationship between undervaluation of the renminbi with global imbalance

Impacts of the renminbi appreciation
on Chinese and U.S. economy

Conclusion

References

본문내용

Introduction
Currently, one of the most important economical issues worldwide is the dramatic growth of Chinese economy. People’s Republic of China (PRC) is already going beyond one of the noticeable emerging markets and playing a critical role in the world economy. As a newly developing country, however, this county which has traditionally adopted socialism is still experiencing a variety of changes in its economical system accepting the components of capitalism. Under this circumstance, there have been a number of controversial issues about the evaluation of Chinese economy. Especially, many economists in the world have been arguing about the value of Chinese currency which is called renminbi (RMB). Nevertheless, the opinion that the Chinese renminbi has been undervalued to the U.S. dollar is predominant, and most economists agree with this opinion. From this perspective, this paper will explain the Chinese economical situation and its currency regime. In addition, the value of Chinese renminbi will be examined and some issues about this currency will be discussed in the paper.

참고 자료

Bown, CP, Crowley, MA, McCulloch, R & Nakajima DJ 2005, ‘The U.S. trade deficit: Made in China?’, Economic Perspectives, Federal Reserve Bank of Chicago, Retrieved October 17, 2008, <http://yaleglobal.yale.edu/about/pdfs/UStrade.pdf >.

Cline, WR, & Williamson, J 2008, ‘Estimates of the equilibrium exchange rate of the renminbi: Is there a consensus and If not, Why not?’, in Goldstein, M & Lardy (eds.), NR, Debating China’s exchange rate policy, Peterson Institute for International Economics, Washington, D.C., October 19, 2008, Google Book Search.

Congressional Budget Office 2008, How changes in the value of the Chinese currency affect U.S. imports, No. 3148, the United States

Coudert, V & Couharde, C 2007, ‘Real equilibrium exchange rate in China is the renminbi undervalued?’, Journal of Asian Economy, No. 18, pp. 568-594, Retrieved October 19, 2008, Science Direct.

Gang, F n.d., Global imbalance, China and the international currency system, Retrieved October 24, 2008, < http://epress.anu.edu.au/china/pdf/ch06.pdf >

Morrison, WM 2007, CRS report for congress: China’s economic conditions, Congressional Research Service, Retrieved October 17, 2008, <http://digitalcommons.ilr.cornell.edu/cgi/viewcontent.cgi?article=1504&context=key_workplace>.

Morrison, WM & Labonte, M 2007, CRS report for congress: China’s currency: economic issues and options for U.S. trade policy, Congressional Research Service.

Shah, A, Zeileis, A & Patnaik, I 2006, What is the new Chinese currency regime’, Retrieved October 17, 2008, <http://www.mayin.org/ajayshah/PDFDOCS /SZP2005_cny .pdf>.

Zhang, J & Fung, HG (2006), ‘Winners and losers: assessing the impact of Chinese yuan appreciation’, Journal of Policy Modeling, No. 28, pp. 995-1009, Retrieved October 19, 2008, Science Direct.
다운로드 맨위로