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Exchange Rate Instability: Japan's Micro-Macro Experiences and Implications for China
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作者 Mamoru Ishida 《China & World Economy》 SCIE 2006年第2期32-44,共13页
Since 1985, the yen-dollar exchange rates repeatedly fluctuated and climbed to a level that could not be justified by economic fundamentals. The impacts on the Japanese economy were serious and far-reaching. Since 21... Since 1985, the yen-dollar exchange rates repeatedly fluctuated and climbed to a level that could not be justified by economic fundamentals. The impacts on the Japanese economy were serious and far-reaching. Since 21 July 2005, China has been moving toward a more flexible exchange rate regime. Keeping RMB exchange rates basically stable and providing Chinese industries with means to hedge exchange rate risks are essential for China's sound economic development. 展开更多
关键词 exchange rate stability exchange risks forward exchange market
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