for China. (1) China's economy is on the overheating side of internal balance, and appreciation would help easy … inflationary pressure. (2) Although foreign exchange reserves are a useful shield against currency crises, by now China's current … economy like China can achieve adjustment in the real exchange rate via flexibility in the nominal exchange rate more easily …

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system … moderate the perceived need for insurance, and China would have to loom large in both solutions …

The paper updates the answer to the question: what precisely is the exchange rate regime that China has put into place …

This paper studies how a rise in China's share of U.S. imports could lower pass-through of exchange rates to U … exporters. The model predicts that certain conditions are necessary to facilitate this 'China explanation' for falling pass …-through regressions indicating how to include the China share. Panel regressions over 1993-1999 support the prediction that a high China …

China and America's other trading partners manipulate their exchange rates, and (b) the nature of the Chinese exchange rate … bilateral deficit, though other variables also turn out to be quite important. On the issue of China's de facto exchange rate …