RMB
The Chinese currency was selected as the focus of this study for several reasons. The primary reason behind this selection is the rising importance of the Chinese currency's valuation compared to other major world currencies. This is because of China's already large and still-growing trade presence in all global markets and the artificial nature of its currency's valuation, as the government manipulates the exchange rate for the Renminbi by tying it to certain other currencies rather than allowing it to "float" with market forces as do most other countries in the developed and developing world (India Times 2010). Despite this artificial hold on the currency, however, the Renminbi has been allowed to appreciate in value at an increasing rate, and this is beginning to have an effect on the significant trade surplus that the country has long maintained (India Times 2010). The fact that China is the world's second largest economy is the reason behind the importance of the Renminbi's valuation, and thus part of the major reason why this currency was selected for study.
The nature of China's economy and its control over its currency was also a significant reason for making this currency and its appreciation the focus of my study. China's transition form a planned economy to a market...
International Trade and Finance Speech: Good afternoon ladies and gentlemen, I would like to share with you on the current state of the U.S. macro-economy, highlighting the internal and external factors that affect it. Macroeconomic analysis seeks to forecast economic conditions by monitoring and gauging the behavior of several broad areas including gross domestic product (GDP) - which is simply national output, the rate of unemployment, and the state of currency
Markets USD/CNY Currency Exchange Relationship The amount of money passing through a foreign exchange market was pegged at $4.0 trillion per day in April 2010 (Bank for International Settlements, 2010). Among the many currencies traded on the open market, the U.S. dollar (USD) continued to lead the pack by a wide margin; a full 84.9% of all trades involved the USD. By comparison, the Chinese currency (CNY) increased its share of
China announced on Oct. 28, 2004 the first interest rate rise in nine years. In this manner, Beijing is showing its willingness to adopt additional market-oriented reforms in order to have a tighter macro-economic control on the already overheated economy. Although the news regarding the evolution of the Chinese interest rate were contradictory, it would appear that North American economists are welcoming this interest rate increase. The Chinese economy is rapidly
General Motors in China: Chinese Motor Vehicle Industry Structure: The motor vehicle industry in China had over 200 carmakers in 2004 with most of them being small Chinese firms. In addition to being small and domestic companies, the carmakers were solely owned by the Chinese government and had a market share of approximately 40%. As new joint venture firms emerged during this period, the Chinese government was reluctant to see its manufacturers
Cross-Country Capital Flows and Currency International Project overseas investment . GLOBAL INSTITUTES IN INTERNATIONAL FINANCE . INTERNATIONAL FINANCE CORPORATION . WORLD BANK . WORLD TRADE ORGANIZATION INTERNATIONAL MONTARY FUND . INTERNATIONAL FINANCE IN CHINA . BANKING INSTITUTES NON-BANKING INSTITUTES THE EXCHANGE RATE FIASCO FINANCIAL CRISIS IMPACTS ON SINO-AMERICAN RELATIONSHIP RECESSION'S AFFECT ON CHINA . ASIAN MONETARY FUND . CHINA'S TRADE POLICIES AND THEIR CONTRIBUTION TO THE FINANCIAL CRISIS Monetary policy is the study of circulation of money, the granting of credit, the making of investments and
Down? The Value of the Dollar International Currency Exchanges Current Trends and Initiatives Impact of the Euro on Dollar Valuation Analysis of Current Trends and Initiatives on Dollar Valuation in the Future Up or Down? The Value of the Dollar: A Historical Analysis of the Valuation of the U.S. Dollar According to Michael Artis, Elizabeth Hennessy, and Axel Weber (2000), capital losses can be caused by differential changes in the value of assets and liabilities,
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