) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

behind us. We argue that, for rebalancing its economy, China needs a comprehensive package focusing on further liberalization … of factor markets. Exchange rate policy should be an important part, but exclusive focus on the currency could be …

China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is … in real terms) in both India and China. We find that through the great business cycle boom of the early 2000s, both … bust. Capital flows and conditions on currency markets changed profoundly from late 2007 onwards. Hence, this paper is …

regimes–rather than a peg to an external currency. This requires major emerging economies–particularly the People’s Republic … of China (PRC)–to move to a more flexible regime vis-à-vis the US dollar. Second, given the limited degree of the yen … to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency …

regimes–rather than a peg to an external currency. This requires major emerging economies–particularly the People’s Republic … of China (PRC)–to move to a more flexible regime vis-à-vis the US dollar. Second, given the limited degree of the yen … to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency …

regimes–rather than a peg to an external currency. This requires major emerging economies–particularly the People’s Republic … of China (PRC)–to move to a more flexible regime vis-à-vis the US dollar. Second, given the limited degree of the yen … to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency …