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| Author: | Zhu, Huihuan |
| Title: | Theoretic probe of transmission between foreign exchange markets and markets of general commodities (original in Chinese) |
| Journal: | International Economics and Trade Research (c)
1996 : 5, p.46-50 |
| Index terms: | FOREIGN EXCHANGE FINANCIAL MARKETS ECONOMIC THEORY CHINA |
| Language: | chi |
| Abstract: | Since the adoption of the new regulations on control of foreign exchange centering on market reconciliation of rates of exchange of RMB, foreign exchange markets have produced a powerful and sustained transmission to markets of general commodities. Hence the greater pressure of inflation and long existence of "devaluation of RMB at home and valuation abroad". Ways to ease inflation include changing the formation and operation mechanism of rates of exchange permitting enterprises to open spot exchange accounts at designated banks, increasing varieties of currency at foreign exchange markets, loosening restrictions on exchanges sold and gradual marketability of rates of interest as well as reduction of import tariffs. |
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