China's foreign exchange regime and its impact on exports and growth
Exchange rate devaluation has been used as a policy instrument to promote China's exports in recent years. The consequences of devaluation are affected by foreign trade and exchange controls and the macroeconomic environment. This study analyses the characteristics of the Chinese foreign exchange regime and macroeconomic policy. Due to inflation and foreign trade and exchange controls, official exchange rate devaluation was unsuccessful during 1985-90 in terms of the real effective...[Show more]
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