What people are saying - Write a review
We haven't found any reviews in the usual places.
Chinas financial conundrum and global imbalances
Overcoming three misconceptions about currency stabilisation
1 other sections not shown
balance of payments Bank of China base money billion Bretton Woods system capital ﬂows capital inﬂows China bashing China's current account China's exchange rate Chinese authorities Chinese interest rates commercial banks current account balance current account deﬁcit current account surplus depreciation dollar assets domestic assets domestic currency domestic monetary domestic price level effective exchange rate euro exports ﬁnance ﬁnancial institutions ﬂoating ﬂuctuations foreign exchange market foreign exchange reserves Germany global imbalances growth hot money inﬂation in China inﬂationary interest rates investment Japan bashing lending liquidity trap lndeed lnternational massive McKinnon and Schnabl monetary base monetary control monetary policy nominal exchange rate ofﬁcial exchange reserves PBC's PBOC pegged percent of GDP Phase price inﬂation real effective exchange real exchange rate reﬂected renminbi appreciation Singapore sovereign wealth fund stabilisation sterilisation sterilisation operations substantial Swiss franc trade surplus trillion renminbi undervalued United yuan per dollar yuan/dollar rate