On the Appreciative Pressure on RMB and China's Capital Account Management

doi:10.16382/j.cnki.1000-5579.2006.02.018

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Journal of East China Normal University (Philosophy and Social Sciences) ›› 2006, Vol. 38 ›› Issue (2): 113-118.doi: 10.16382/j.cnki.1000-5579.2006.02.018

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On the Appreciative Pressure on RMB and China's Capital Account Management

Sheng-xin RAN

School of Business, East China Normal Uniersity, Shanghai 200062, China

Received:2005-11-25 Online:2006-03-30 Published:2006-03-30

Abstract

Abstract:

This paper develops a new analytic framework by modifying the game theory framework about currency crisis, i.e., the Metz model.With this new framework, the author puts forward some proposals in order to remove the appreciative pressure on RMB confronting China.Since the financial system in China is fragile and the pressure exists contemporaneously, China's capital account opening should be prudently managed.

Key words: the appreciative pressure on RMB, capital account management, the Metz model

CLC Number:

F83

Sheng-xin RAN. On the Appreciative Pressure on RMB and China's Capital Account Management[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2006, 38(2): 113-118.

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On the Appreciative Pressure on RMB and China's Capital Account Management

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