Real Exchange Rate Anomalies in China: Sterilization by the People and Trade Liberalization
When a fixed exchange rate country is faced with a sudden increase in foreign exchange inflows, its economy would normally experience higher inflation and real exchange rate appreciation. Between 1998 and 2006, however, China underwent a period of surging influx of foreign exchange and accumulation...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2015-12-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20151223152843-5JU6V.pdf |