Zhang, Chengsi - In: The World Economy 32 (2009) 7, pp. 998-1018
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading> This paper analyses the issues of excess liquidity, inflation and the exchange rate appreciation currently evolving in China. In mapping the co-movement between excess liquidity and inflation and developing a dynamic model, the paper shows that excess liquidity, ignited by dramatic...
