Wray, Wray , L. Randall; Fernandez Lommen, Yolanda - Economics and Research Department, Asian Development Bank - 2013
This paper examines the fiscal and monetary policy options available to the People’s Republic of China (PRC) as a sovereign currency-issuing nation operating in a dollar standard world. The paper first summarizes a number of issues facing the PRC, including the possibility of slower growth and...
