’s undervaluation, and the People’s bank of China (PBC) cannot optimally invest growing foreign exchange reserves. It provides a … absorbing external imbalances while laying down the foundation for China’s long-term growth. …

This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks … embedded in financial reform and, in particular, capital account liberalisation. At this juncture, however, China has no option …

Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of … China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the behavioral equilibrium …

This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks … embedded in financial reform and, in particular, capital account liberalisation. At this juncture, however, China has no option …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …