China's Exchange Rate System Reform: Lessons For Macroeconomic Policy Management - Softcover

Über die Autorin bzw. den Autor

Charlotte y Peter Fiell son dos autoridades en historia, teoría y crítica del diseño y han escrito más de sesenta libros sobre la materia, muchos de los cuales se han convertido en éxitos de ventas. También han impartido conferencias y cursos como profesores invitados, han comisariado exposiciones y asesorado a fabricantes, museos, salas de subastas y grandes coleccionistas privados de todo el mundo. Los Fiell han escrito numerosos libros para TASCHEN, entre los que se incluyen 1000 Chairs, Diseño del siglo XX, El diseño industrial de la A a la Z, Scandinavian Design y Diseño del siglo XXI.

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The author of this book is the original proponent of China's exchange rate system reform announced in 2005. This book discusses:

The transitional, medium-term and long-term designs of the reform

China's achievements and mistakes on the reform

China's banking reform and its lessons to other emerging economies

Maintaining a certain trade surplus as a dynamically optimal choice for China

China's stock market bubble and the gradual bubble squeezing strategy

China's property inflation and its solution

China's fiscal and monetary policies during and after the global financial tsunami

Risk of global asset inflation, CPI inflation and cycle of exchange rate after the financial tsunami

Likelihood of an asset bubble and then a crisis in economies outside the US during the overheated phase of the recovery

Through these discussions, the author hopes to share his knowledge on macroeconomic policy management accumulated over the past thirty five years. In particular, he would like to share his insights on macroeconomic policy management before, during and after an asset inflation era or a crisis period. He would also like to warn policy makers and financial investors on the likelihood of an asset bubble and then a crisis in economies outside the US. The author hopes this book could eventually stimulate the emergence of "macroeconomic policy management" as a new and important discipline in economics.

While the focus of the book is on macroeconomic policy management, it also offers important lessons and strategies on share and property investments. Thus, economists, policy makers, central bank officials, economics students, business and finance professionals, individual investors and academia in other disciplines will find the book useful.