| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4411 |
| DP4411 Changes in Equity Ownership and Changes in the Market Value of the Firm | |
| Henri Servaes; John J. McConnell | |
| 发表日期 | 2004-06-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper reviews the controversy over China?s exchange rate regime. Placing the issue in the context of the literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float would be in the country?s own interest; it would help the Chinese authorities to gain better control of domestic money and credit conditions. The Paper argues that the principal objections to this recommendation ? that the country?s banking system is weak, many of its state enterprises are bankrupt, and its capital account is not yet sufficiently open ? are unconvincing. Finally it assesses the likely impact on other Asian countries, concluding contrary to the conventional wisdom that these are likely to be minor at best. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | China exchange rate monetary policy Asia |
| URL | https://cepr.org/publications/dp4411 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533365 |
| 推荐引用方式 GB/T 7714 | Henri Servaes,John J. McConnell. DP4411 Changes in Equity Ownership and Changes in the Market Value of the Firm. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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