ABSTRACT

This book provides an overview of Chinese RMB exchange markets and its risk management strategies. The view that RMB is playing an increasingly international role has been widely accepted by practitioners as well as scholars worldwide. Moreover, the Chinese government is opening the control of RMB exchange market step by step. However, some related topics are under heated debate, such as how to manage and warn of the currency crisis, what the trend of RMB exchange rate in the future is, and how to hedge the exchange risk in the process of RMB internationalization. In this book, we will give distinct answers to the above questions.

chapter 1|12 pages

Chinese currency exchange market

An overview

chapter 2|12 pages

Interrelationship between RMB markets

chapter 3|12 pages

Chinese exchange market crisis

Warning and identification based on Markov regime switching model

chapter 5|29 pages

Hedging currency risk