| |
Hot Money and the Renminbi
at 2006-07-09 19:42:58
Now that we’ve had a week and a half to see China’s new exchange rate regime in action, several features of the new regime are becoming clearer. First, while the political ramifications of the move seem clever – the PBoC took a bit of the steam out of the protectionist sentiments on the floor of the US Congress, and it marked the first time that other Asian currencies (the Yen, Won and Ringgit,
Blog Source - http://cynicsdelight.blogspot.com/atom.xml
|
| |
|
