Leightner, Jonathan E. - In: China & World Economy 18 (2010) 3, pp. 24-39
changing its holdings of foreign reserves on the value of the US dollar in Europe and Asia. Because using traditional …By January 2009, China held almost US$2tn in foreign reserves. The present paper estimates the marginal effect of China … value of the US dollar would fall by 0.44 percent. With such a large effect, China has an incentive to either not sell any …