Tan, Zhuo; Yang, Shenggang; Zhu, Hong - In: Journal of Economic Policy Reform 11 (2008) 2, pp. 93-99
ultimately inconsistent, this policy has led to a growth in foreign exchange reserves that seems limitless: a neutralization … coefficient of 0.57 leading to a “magnification effect” on the increase in reserves of 2.3. That is, a purchase of foreign …