Economics, Econometrics and Finance
8 years ago

RMB Real Exchange Rate Misadjustment Leads to Social Welfare Losses.

Economic Survey
An Analysis of the Degree of RMB Real Exchange Rate Maladjustment and the Perfection of Exchange Rate Forming Mechanism
Fengchen Guo

Paper Summary

The article analyzes how the real exchange rate of the Chinese currency, RMB, affects the economy. It looks at factors that influence the RMB exchange rate and how any misadjustment can harm society. The study suggests that the RMB exchange rate needs to be carefully managed to avoid welfare losses. It also emphasizes the importance of exchange rate flexibility in shaping RMB exchange rate policies. The research provides recommendations for improving the mechanism for determining exchange rates.

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