标题：RMB exchange rate reforms and exchange rate preferences of domestic interest groups in China
作者机构：[Li, Y] School of Economics, Shandong University, Ji’nan, China
通讯作者地址：[Li, Y] School of Economics, Shandong UniversityChina;
来源：Economic and Political Studies
关键词：exchange rate preference; interest group; Politics of exchange rate determination; RMB exchange rate reform
摘要：With balance of payments in China and the RMB exchange rate approaching the equilibrium level, political gaming of domestic interest groups rather than international political pressures plays a more important role in future bidirectional changes of the RMB exchange rate. From the perspective of political economics, this paper analyses the dynamics of exchange rate preferences of domestic interest groups and their role in the evolution of RMB exchange rate regimes. The findings show that interest groups and their exchange rate preferences do play a significant role in RMB exchange rate reforms, which implicates that it is necessary to take account of policy preferences and political gaming of interest groups in the determination and forecasts of the RMB exchange rate. © 2019, © 2019 Economic and Political Studies.