Putting the Cart Before the Horse? : Capital Account Liberalization and Exchange Rate Flexibility in China /

This paper reviews the issues involved in moving towards greater exchange rate flexibility and capital account liberalization in China. A more flexible exchange rate regime would allow China to operate a more independent monetary policy, providing a useful buffer against domestic and external shocks...

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Dettagli Bibliografici
Autore principale: Prasad, Eswar
Altri autori: Rumbaugh, Thomas, Wang, Qing
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2005.
Serie:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2005/001
Accesso online:Full text available on IMF