China has experienced a large increase in its foreign exchange reserves since 2001, due to a continuous inflow of … domestic macroeconomic management. As a response, the People's Banks of China (PBC for short) sterilizes the increase in … China's sterilization using quarterly data from 1995 to 2010. It also compares the sterilization cost with the central bank …

China occupies a unique position among developing countries. Its success in achieving relative stability in the … current global financial crisis. Over the last few years, China has been on a path of capital account opening that has drawn … introduced problems for the monetary authorities in continuing with an autonomous monetary policy in China, especially with large …