In the early years of the twenty-first century, Chinas continuing large current account surpluses and rapid accumulation of foreign exchange reserves have focused considerable global attention on the value of the Chinese currency and the feasibility of its exchange rate regime. Given the fact that any change in Chinas exchange rate will have a major impact internally as well as externally, the issues of the renminbi appreciation and the optimal option for Chinas exchange rate regime have become of major concern to China and many other countries. Very little academic literature exists on...
In the early years of the twenty-first century, Chinas continuing large current account surpluses and rapid accumulation of foreign exchange reserves ...
