That the New Taiwan Dollar Is Under Pressure to Appreciate. If the Central Bank Wants to Maintain the Low Exchange Rate of the New Taiwan Dollar, It Is Bound to Increase Its Foreign Exchange Reserves. However, the Central Bank's Approach Has Been Questioned Over the Past Few Years. Taiwan Is the World's Fifth-Largest Holder of Foreign Exchange Reserves. as of January This Year, Its Foreign Exchange Reserves Reached Us$549 Billion, Equivalent to Us$23,300 Per Capita, or 80% of Gdp. Last Year, Four Taiwan University Professors Co-Published the Book "The Privilege of Getting Rich: the Price We Pay for Central Bank Policy in Twenty Years", Explaining the
Link Between Low Interest Rates and Large Foreign custom t shirts Exchange Reserves, Which Are the Main Reason for the Overheating of the Domestic Housing Market. the Central Bank Accumulated Foreign Exchange Reserves by Buying Foreign Currency in Ntd, Resulting in Loose Domestic Funds. While There Is No Necessary Correlation Between an Increase in the Money Supply and Asset Appreciation, It Does in Fact. the Financial Sector's Dissatisfaction with the Central Bank Appears to Be Much Stronger Than Ever. Professor Wu Congmin, One of the Authors of "The Privilege of Getting Rich," Said: "We Cannot Say That the Central Bank's Policy Must Be Wrong, but
We Do Not Agree with Its Approach." Professor Wu Is Currently Working at the Department of Economics at National Taiwan University, and Has a Strong Opinion on Taiwan's Economy. the Development History Is Deeply Researched. Xue Qi Pointed Out, and Said: "Most Scholars Are Not Very Satisfied with the Way the Central Bank Manages Foreign Exchange Reserves. the Central Bank's Foreign Exchange Reserves Are Much Larger Than Necessary, and the Way of Using Funds Is Not Very Wise." He Refers to the Central Bank's Foreign