McKinnon, Ronald; Schnabl, Gunther - Wirtschaftswissenschafltiche Fakultät, Universität Leipzig - 2008
, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal …-way bet has led to a loss of domestic monetary control. Combined with a more general flight from the U.S. dollar, the …