creation of 38 swap lines by the People’s Bank of China between 2009 and 2018 provides a test of the theory. Signing a swap …

creation of 38 swap lines by the People's Bank of China between 2009 and 2018 provides a test of the theory. Signing a swap …

This paper reviews the steps that China has taken towards financial reform with a particular focus on capital account … liberalisation and internationalisation of the use of the renminbi. After a slowdown in reform momentum during the global financial …, China's debt has doubled, reaching levels that are clearly above those of most emerging markets. This increases the risks …

exchange rate co-operation in East Asia based on currency baskets, with China herself moving towards a managed exchange rate …