Policy elites in the political economy of China's exchange rate policymaking

Bibliographic Data

ID12422817
AuthorsLeong H Liew (Moscow State University of Technologies and Management named after K.G. Razumovskiy, corresponding author)
Year2004
Volume13
Issue38
Pages21-51
Publication date2004-02-01
Open AccessNo
TypeARTICLE
VenueJournal of Contemporary China (JOURNAL)
Journal identifiersISSN: 1067-0564 • E-ISSN: 1469-9400
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/1067056032000151328
OpenAlexW2010377517
LanguageEN
Citations received7

This paper examines the political economy of making China's exchange rate policy, with a focus on the post-Deng reform period. First it analyses the structure of elite economic policymaking, especially on exchange rate policy, pinpointing core policymakers in that structure. Second, the paper analyses the roles and responsibilities of key economic ministries, and explains how the ministries' changing roles and responsibilities in the transforming economic environment of the reform period have affected their relative influence and the positions they pursue on exchange rate policy. Results of the analyses are then applied to explain the RMB devaluation policy in 1989 and the no-devaluation policy during the Asian financial crisis

China · Devaluation · Economic policy · Economic system · Economics · Elite · Exchange rate · Financial crisis · Macroeconomics · Monetary economics · Political economy · Political science · Politics · Renminbi · China's Socioeconomic Reforms and Governance · Global Financial Crisis and Policies · Global trade and economics

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