Nieh, Chien-Chung; Yau, Hwey-Yun - In: Emerging Markets Finance and Trade 46 (2010) 1, pp. 16-26
Since removal of the peg in July 2005, China has entered a new era of a managed floating exchange rate system. Although many observers have raised concerns about the impact of such a policy change on China's trade surplus, less attention has been paid to its effects on financial markets. This...