In less than three decades, China has grown from playing a negligible role in international trade to being one of the … recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and … concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of …

competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the "peso problem"; Hoarding …

competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the "peso problem." Hoarding …