PBoC independence would help China’s exchange rate goals – IMF paper
Researcher recommends four China-specific policies to support greater exchange rate flexibility
Operational independence for the People’s Bank of China would help China achieve a smooth adjustment to a floating exchange rate, a researcher says in a paper published by the International Monetary Fund.
In the paper, Sonali Das examines China’s progress towards, and key constraints on, achieving a floating exchange rate regime. Das then recommends four policies to support the transition to greater exchange rate flexibility.
Firstly, Das says, the PBoC should have independence in developing a
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