Restructuring Hainan's International Trade and Finance

Currency, Foreign Exchange, and Trade

by Charles Wolf, Jr.

Download

Download eBook for Free

FormatFile SizeNotes
PDF file 1.3 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback33 pages $20.00 $16.00 20% Web Discount

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.

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.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

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.