| Publication |
2011.
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| Summary/Abstract |
Exchange rate policymaking is of high importance as any adjustment in the exchange rate could influence several sectors of the domestic economy in different ways. It can also have implications for trade and capital flows in the rest of the world. The exchange rate reform objective of the People's Bank of China is to ultimately achieve a freely floating exchange rate regime through a sequential approach to achieving more flexibility of RMB movement in response to market demand-supply relations.
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