Internationalization of the renminbi is a stated goal of the Chinese government, its brief flirtation with Special … the People's Republic of China (PRC) open to the foibles of US policy, whose downside was made clear by the incipient …

This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the … literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float …