Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Assessment of Contemporary Currency Regimes

Authors
Yiting Wang1, *
1Yangzhou University, No. 196 West Huayang Road, Hanjiang District, Yangzhou, 225127, Jiangsu, China
*Corresponding author. Email: wangyitwyt@outlook.com
Corresponding Author
Yiting Wang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_47How to use a DOI?
Keywords
contemporary monetary system; soft pegs; EURO Area; internationalization of CNY
Abstract

The coronavirus pandemic causes a dramatically fall in global economic activity in recent history, with global GDP shrinking by 3.1%. Countries responded to this severe economic contraction with measures in the fiscal and financial sectors. For the first time, the central banks of the major member countries from the International Monetary Fund and some central banks of emerging market have adopted quantitative easing through asset purchase programs. Based on the Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) provided by IMF, this paper assesses the four contemporary types of exchange rate regimes with literature study as the main researching method, countries which adopt different currency regimes are also listed. The future direction and problems of the EURO are discussed in the light of the theory of optimal currency areas. Meanwhile, the emerging currency markets represented by the CNY are studied, including the international trend of CNY.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_47
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_47How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiting Wang
PY  - 2022
DA  - 2022/12/27
TI  - Assessment of Contemporary Currency Regimes
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 408
EP  - 414
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_47
DO  - 10.2991/978-94-6463-052-7_47
ID  - Wang2022
ER  -