The growing weight of the People’s Republic of China (PRC) in the world economy, measured by gross domestic product …-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to capital account controls. The … supervision—which in turn would call for greater exchange rate flexibility so that the People’s Bank of China (PBOC) can enjoy …

This paper analyzes the optimal transition of the exchange rate regime in the People’s Republic of China (PRC). How …

The growing weight of the People’s Republic of China (PRC) in the world economy, measured by gross domestic product …-denominated bond issuance in Hong Kong, China, but that RMB internationalization is still limited due to capital account controls. The … supervision—which in turn would call for greater exchange rate flexibility so that the People’s Bank of China (PBOC) can enjoy …