An economy like that of China started out a lot of controversies and a lot of analysis. Recently, the monetary policy led by China gave birth to a series of disturbing questions, as follows: for how long can the fixed exchange rate be sustained? what will be the consequences of the continuous...

In the lights of the recent crisis, the monetary policy became the most important weapon that an economy must rely upon, considering that the banking system was the first one to be affected by the crisis and then the effects had spread upon the entire economy. In order to avoid lack of liquidity...