Jin Zhongxia, the IMF’s Executive Director for China, explains how the Chinese government tries to strike a balance between exchange rate stability and flexibility by maintaining a market sensitive, rather than a market-determined, exchange rate.
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On September 23, the Global Economy and Development program at Brookings hosted the launch of “Gaining Currency: The Rise of the Renminbi,” featuring the book’s author, Brookings senior fellow Eswar Prasad.
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brookings institution events The Chinese government’s reluctance to initiate a market-determined exchange rate | |
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