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The midpoint exchange rates for the euro against other currencies listed in the CNB exchange rate list aim to provide information on the exchange rate of the ...

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However, the liberalization of the foreign trade and exchange rate regime, followed by further wide-ranging reforms introduced in 1988 (which included ...

ARDL, Exchange rate Foreign reserves Diagnostic tests Nominal exchange rateReal exchange rate.

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The Bank's reserves. 19,396,820. 15,662,247. 3. Foreign exchange rate differences. 24. (701,036). (803,547). 4. Retained earnings. 24.

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Downloadable (with restrictions)! This study develops a heterogeneous agent model comprising fundamentalists, chartists, carry traders, and stabilizers to determine the RMB exchange rate. The stabilizers act as agents of the central bank and relevant government agencies to manage expectations when the exchange rate appreciates or depreciates excessively. Using the unscented Kalman filter method, our study finds that the principal parameters of the heterogeneous agent model are statistically and economically significant, and the heterogeneous agent model can adequately characterize the main features of expectation management. Furthermore, the stabilizers can significantly reduce excess volatility and promote market exchange rates to their fundamental values. Additionally, the timing of the stabilizers' actions is consistent with that of the central bank's implementation of expectation management.

In December 1983, the Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating floated the dollar, with the exchange rate reflecting the balance of payments as well as supply and demand on international money markets.