Abstract
China’s market-oriented reform of interest rate was basically completed in 2015; by then the market-oriented reform of RMB had also made a breakthrough. More and more funds were allocated across markets under the command of market and price lever, and the price linkage and risk conduction mechanism began to form. So it is necessary to fully understand the development of finance under this new situation and accurately grasp the regularity and characteristics of cross-market financial risk conduction, so as to provide theoretical basis for strengthening the prudent macro-management and preventing systemic risk in the process of opening capital account.
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International Monetary Institute. (2018). The Price Linkage and Risk Conduction of RMB Underlying Asset. In: Monetary Institute, I. (eds) Currency Internationalization and Macro Financial Risk Control. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-13-0698-3_6
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DOI: https://doi.org/10.1007/978-981-13-0698-3_6
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Publisher Name: Palgrave Macmillan, Singapore
Print ISBN: 978-981-13-0697-6
Online ISBN: 978-981-13-0698-3
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