"The Nature of Exchange Rate" is the author's profound thinking on the RMB exchange rate reform and cross-border capital flow management in the post-crisis era based on more than 20 years of foreign exchange policy research experience. This book shares the analytical framework for researching and predicting RMB exchange rate trends and capital flow policy responses; discusses the ins and outs of the "8.11" Exchange reform and the lessons learned from the previous two "exchange rate stabilization" practices; and looks forward to the operation of RMB exchange rate policy and cross-border capital flows under the new situation. The prospect of dynamic management; for the first time, it decrypts the "beginning" and "end" of the story of how to predict the fluctuations in cross-border capital flows from the end of 2011 to mid-2012, and foresees the reversal of current cross-border capital flows, especially the last accurate warning on the eve of the "8.11" Exchange reform.
Reader comments
This book provides an in-depth analysis of the RMB exchange rate and cross-border capital flows, and the author's experience and research are very valuable. I especially like the book's thoughts on exchange rate reform and capital flow management. However, I feel that some of the content may be a bit difficult to understand for non-expert readers like me. Overall, this is a book worth reading, especially for those interested in the financial field. The author Guan Tao is very accomplished in exchange rate research, and the views in the book are also very enlightening.
This book provides an in-depth analysis of the RMB exchange rate and cross-border capital flows, and the author's experience and research are very valuable. I especially like the book's thoughts on exchange rate reform and capital flow management. However, I feel that some of the content may be a bit difficult to understand for non-expert readers like me. Overall, this is a book worth reading, especially for those interested in the financial field. The author Guan Tao is very accomplished in exchange rate research, and the views in the book are also very enlightening.