01657cas a2200241 a 4500 AALejournalIMF022580 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498302029 1018-5941 BD-DhAAL BD-DhAAL Das, Sonali. China's Evolving Exchange Rate Regime / Sonali Das. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2019/050 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/050/001.2019.issue-050-en.xml IMF e-Library