Environmental Science
8 years ago

RMB exchange rate stabilized, boosting China's economic stability and growth.

Journal of Tsinghua University(Science and Technology)
Evaluation of RMB exchange rate from 1995 to 2004 by the exchange rate target zone method
Songtao Yang

Paper Summary

The study evaluated the RMB exchange rate from 1995 to 2004 using a model based on economic variables. The results showed that the exchange rate was mostly stable during this period, with small deviations. The model predicts that the RMB exchange rate is currently at a reasonable level.

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