Determining the RMB Exchange Regime

Xiaobing Feng, Ilan Alon

Research output: Contribution to journalArticlepeer-review


Although China has claimed since 2005 that it will move towards a more market-oriented system of managing its foreign exchange, it has remained, in part, a managed economic system. This chapter examines the relative importance of fundamentalist, chartist and currency arrangements in determining the RMB exchange regime using both traditional linear and non-linear artificial intelligence models. We find that the emphasis on the US dollar as a reference currency has declined. Fundamentalist forces are becoming strong determinants of the currency exchange. The genetic programming approach is among the best performing in minimizing forecasting error.

Original languageEnglish
Pages (from-to)611-624
Number of pages14
JournalContemporary Studies in Economic and Financial Analysis
StatePublished - 2011


Dive into the research topics of 'Determining the RMB Exchange Regime'. Together they form a unique fingerprint.

Cite this