Borowski, Jakub; Czerniak, Adam; Jaworski, Krystian - In: Bank i Kredyt 45 (2014) 5, pp. 407-432
This paper examines the decision function of the People’s Bank of China concerning setting of the renminbi exchange rate against the U.S. dollar. We use an ordinal dependent variable model to check whether main macroeconomic variables and repeated complaints from U.S. institutions and...