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With regard to yuan depreciation, there were different voices on its contributions to Asian currency crisis. On January 1994, China unified its official exchange rate with the market rate, and Chinese yuan depreciated from 5.8 per US $ to 8.7 per US $ (Hu & Kasa 1998; Fernald et al. 1998; Kwan 1999)...

With regard to yuan depreciation, there were different voices on its contributions to Asian currency crisis. On January 1994, China unified its official exchange rate with the market rate, and Chinese yuan depreciated from 5.8 per US $ to 8.7 per US $ (Hu & Kasa 1998; Fernald et al. 1998; Kwan 1999)...

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