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Chapter 6: Stabilizing the Currency and Manipulating the Exchange Rate

      https://doi.org/10.1142/9789814723961_0006Cited by:0 (Source: Crossref)
      Abstract:

      The following sections are included:

      • Who Determines the Exchange Rate?

      • Selection of the Exchange Rate System

      • The Central Bank's Duty is to Stabilize the Value of Currency

      • What is a Currency Manipulator?

      • The RMB is in the Appreciation Channel

      • Internal Contradiction between Price Stability and Exchange Rate

      • Excessive Liquidity and the Money Lake