Flassbeck, Heiner; Marca, Massimiliano La - In: Journal of Chinese Economic and Business Studies 7 (2009) 2, pp. 237-258
China has undergone a deep, although gradual, process of reform of its financial system and exchange rate regime while avoiding large speculative inflows and uncontrolled real appreciation through non-monetary anti-inflationary policies, low interest rates and capital account controls. These...