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A study on current account convertibility of reminbi.

by Yan Yuk Fung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 41-42). / ABSTRACT --- p.i / TABLE OF CONTENTS --- p.ii / LIST OF ILLUSTRATIONS --- p.iv / ACKNOWLEDGMENT --- p.v / Chapter / Chapter I. --- INTRODUCTION AND METHODOLOGY --- p.1 / Chapter II. --- BENEFITS AND TYPES OF CONVERTIBILITY --- p.3 / Economic Benefits --- p.3 / Current Account Convertibility --- p.4 / Capital Account Convertibility --- p.5 / Chapter III. --- TRENDS OF BALANCE OF PAYMENTS IN CHINA --- p.7 / Characterics --- p.7 / Trend of Current Account Balance --- p.8 / Trend of Capital Account Balance --- p.9 / Cyclical Nature of Balance of Payments --- p.10 / Chapter IV. --- EVOLUTION OF FOREIGN EXCHANGE REGIME SINCE 1978 --- p.12 / Trade Liberalization --- p.12 / Control on Current Account Transactions --- p.13 / Foreign Exchange Retention System and Swap Centres --- p.14 / Chapter V. --- DEVELOPMENT OF CONVERTIBILITY IN 1994 --- p.16 / Achieved Convertibility on Trade Related Transactions --- p.16 / China's Choice of A Managed Floating Rate Regime --- p.18 / Chapter VI. --- CONDITIONS FOR CONVERTIBILITY --- p.21 / Stable Domestic Price --- p.21 / Favourable Balance of Payment --- p.22 / Sufficient Foreign Reserve --- p.23 / Exchange Rate Stability --- p.24 / Liberalization Measures on Service Transactions Implemented in 1996 --- p.24 / Chapter VII. --- RISKS OF CONVERTIBILITY --- p.26 / Peso Depreciation in Mexico --- p.26 / Export Slowing Down in China --- p.27 / Cumulative Inflation --- p.28 / Budget Deficit --- p.29 / Risk of Import Surging with China Entering WTO --- p.30 / Foreign Direct Investment Slowing Down --- p.30 / Political Risks within China and Across the Formosa Strait --- p.31 / Chapter VIII. --- POLICY PRESCRIPTIONS --- p.33 / Maintain Balance of Payments --- p.33 / Fiscal & Monetary Discipline --- p.34 / Improve Efficiency of Foreign Exchange Market --- p.35 / Strengthen Economic and Financial Reforms --- p.35 / Avoid Premature Capital Account Convertibility --- p.36 / Chapter IX. --- CONCLUSION --- p.38 / RMB Full Current Account Convertibility Achievable Before 2000 --- p.38 / Business Implications --- p.39 / BIBLIOGRAPHY --- p.41

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_320779
Date January 1996
ContributorsYan, Yuk Fung., Chinese University of Hong Kong Graduate School. Division of Business Administration.
PublisherChinese University of Hong Kong
Source SetsThe Chinese University of Hong Kong
LanguageEnglish
Detected LanguageEnglish
TypeText, bibliography
Formatprint, v, 42 leaves : ill. ; 30 cm.
CoverageChina, China, China
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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