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China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world … article explains the reasons for this large decline in official assets, what China's policy choices are, and how these choices …
Persistent link: https://www.econbiz.de/10013210469
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world … article explains the reasons for this large decline in official assets, what China's policy choices are, and how these choices …
Persistent link: https://www.econbiz.de/10011586659
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world …
Persistent link: https://www.econbiz.de/10014121863
We study the consequences of "regime-induced" exchange rate depreciations by comparing outcomes for peggers versus floaters to the US dollar in response to a dollar depreciation. Pegger currencies depreciate relative to floater currencies and these depreciations are strongly expansionary. The...
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