1. How Stable Is the Redback?
- Author
-
Tang Qinghua
- Subjects
- *
CURRENCY question , *MONETARY policy , *FOREIGN exchange rates , *FOREIGN exchange ,DEVELOPED countries - Abstract
Focuses on speculations about the revaluation of the Chinese Rminbi currency as of February 2004. Calls by the Group of Seven industrialized nations for countries to support greater flexibility in exchange rate policies; Anonymous speculations on newspaper reports on when the central bank will revalue the currency; Deterioration of the business environment for Chinese companies is deteriorating; Contention of China that its economy and the banking system could not withstand a sudden change in currency policy.
- Published
- 2004