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On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate

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NBER2005-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11274
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Fixed and flexible exchange rates each have advantages, and a country has the right to choose the regime suited to its circumstances. Nevertheless, several arguments support the view that the de facto dollar peg may now have outlived its usefulness for China. (1) China's economy is on the
提供机构:
美国国家经济研究局
创建时间:
2005-04-01
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