China's rapid accumulation of foreign exchange reserves and its policy implications

China and World Economy

Volumn 15, Issue 1, 2007, Pages 14-25

  Yongnian, Zheng ^a   Jingtao, Yi ^a  

^a UNIVERSITY OF NOTTINGHAM   (United Kingdom)

Author keywords

Capital control; Financial liberalization; Foreign exchange reserve; Managed float

Indexed keywords

EID: 33847271618     PISSN: 16712234     EISSN: 1749124X     Source Type: Journal    
DOI: 10.1111/j.1749-124X.2007.00011.x     Document Type: Article

References (13)

1. Chen, Yulu, 2006, "Asia is a real bank of the U.S.," 21st Century Business Herald, 28 March. (In Chinese).
2. China Business News, 2006, "China's currency reserves top Japan's," 28 March. (In Chinese).
3. China Business Weekly, 2004, "China to diversify foreign exchange reserves," 8 May. (In Chinese).
4. Chinability Net, 2006, "Foreign exchange reserves 1977-2005," 20 January. http://www.chinability.com/Reserves.htm. (In Chinese).
5. Financial Times, 2006. "China's forex reserves world's biggest, report says," 28 March.
6. Frankel, Jeffrey, 2004, "On the Renminbi: The choice between adjustment under a fixed exchange rate and adjustment under a flexible rate," paper presented in a seminar on China's Exchange Rate System, Dalian, China, 26-27 May.
7. Garcia, Pablo, 1999, "Demand for reserves under international capital mobility," Central Bank of Chile Working Papers No. 58, December.
8. IMF, 2005, IFS Yearbook 2005, Washington DC: IMF publication.
9. National Bureau of Statistics of China, 2004, China Statistical Yearbook 2004. Available from: http://www.stats.gov.cn/english/ statisticaldata/yearlydata/
10. People Net, 2006a, "Xiao Zhuoji's views on China's rapid accumulated foreign exchange reserves," 6 March. Xiao Zhuoji, Economist and Member of Standing Committee in Chinese People's Political Consultative Conference. (In Chinese).
11. People Net, 2006b, "China's Foreign Exchange Reserves Reach $853.7bn and Surpass Japan's," 28 March. (In Chinese).
12. Li, Yang, 2006, "China's foreign exchange reserves with sufficient return," Shanghai Securities News, 17 March. (In Chinese).
13. Xia, Bin, 2006, "S700bn foreign exchange reserve is enough," Shanghai Securities News, 11 April. (In Chinese).