Restructuring Hainan's International Trade and Finance
Currency, Foreign Exchange, and Trade
This Note considers the possible development of an independent convertible currency and other foreign exchange and trade policies that can contribute to Hainan's goals of close interaction and integration with the economy of mainland China and with the international economy. The author considers how a convertible currency for Hainan could be established, and how the ensuing exchange rate would be determined. He then considers whether a rapid or gradual path toward convertibility is preferable, and suggests how a fairly rapid process of moving toward convertibility might be accomplished within a period of about one year. Finally, he discusses policies for attracting foreign investment to Hainan.
- Format:
- Paperback, 33 Pages
- Year:
- 1991
- List Price:
- $20.00
- Price:
- $16.00 Special 20% Web Discount
- Full Document (pdf format) (File size 1.3 MB)
Use Adobe Acrobat Reader version 7.0 or higher for the best experience.
Document Details
- Copyright: RAND Corporation
- Availability: Available
- Format: Paperback
- Pages: 33
- List Price: $20.00
- Price: $16.00
- ISBN/EAN: 0-8330-1881-7
- Document Number: N-3292-NRCSTD
- Year: 1991
- Series: Notes
This report is part of the RAND Corporation note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.
RAND® is a registered trademark. Copyright © 1994-2012 RAND Corporation.