Putting the Cart Before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China

Putting the Cart Before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China
This paper reviews the issues involved in moving towards greater exchange rate flexibility and capital account liberalization in China. A more flexible exchange rate regime would allow China to operate a more independent monetary policy, providing a useful buffer against domestic and external shocks. At the same time, weaknesses in China's... READ MORE...

Publication date: January 2005
ISBN 9781451975451
$15.00

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