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This paper analyzes a desirable transition path for East Asian countries given the People's Republic of China's (PRC …
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This paper analyzes the optimal transition of the exchange rate regime in the People's Republic of China (PRC). How the …
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The choice of an appropriate exchange rate regime during economic transition is investigated through the case of China …. While not upsetting government welfare, China's exchange rate unification through a floating rate has compelling benefits as … convertibility. Simulation outcomes also reveal China's policy preference is to place a higher weight on competitiveness than on …
Persistent link: https://www.econbiz.de/10014054950
This paper analyzes a desirable transition path for East Asian countries given the People's Republic of China's (PRC …
Persistent link: https://www.econbiz.de/10013028003
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated...
Persistent link: https://www.econbiz.de/10011325969