Hwang, Jyh-Dean - In: International Journal of Trade and Global Markets 7 (2014) 3, pp. 250-270
regime can best be characterised as a discretionary crawling peg to the US dollar. We suggest that a discretionary crawling … crawling upward in an on-and-off manner and at a slow yet erratic rate after the regime shift, China's current exchange rate … peg to the US dollar is the optimal and logical choice for China and it will probably be quite some time before China …