Economics, Econometrics and Finance
8 years ago

RMB exchange rate stability crucial for global economic balance.

Jinrong pinglun
Exchange Rate Dynamics and the RMB Equilibrium Real Exchange Rate in Aggregate Supply and Aggregate Demand Perspective
Lin Na

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The goal of the study was to analyze the stability of the Chinese currency exchange rate. By considering differences in domestic and foreign monetary structures, the researchers found that the real exchange rate of the Chinese currency is not significantly misaligned. In fact, it has already reached its equilibrium level.