The future of China's exchange rate policy / Morris Goldstein and Nicholas R. Lardy.
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| Superior document: | Policy analyses in international economics ; 87 |
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| TeilnehmendeR: | |
| Year of Publication: | 2009 |
| Language: | English |
| Series: | Policy analyses in international economics ;
87. |
| Online Access: | |
| Physical Description: | xi, 112 p. :; ill. |
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Table of Contents:
- Evolution of China's exchange rate in the reform era
- Transition to an equilibrium exchange rate
- Developments since mid-2005
- Challenges facing the Chinese authorities under the existing currency regime
- Independence of monetary policy
- Rebalancing economic growth
- Potential effects of Renminbi appreciation on China's banking system
- External adjustment, global imbalances, and the risk of protectionism
- Policy implications and options
- The stay-the-course strategy
- The three-stage approach.