Kawai, Masahiro; Pontines, Victor - East Asian Bureau of Economic Research (EABER) - 2014
in East Asia has also risen. The PRC introduced some exchange rate flexibility in July 2005, and in the wake of the … rate policy of the PRC has significant implications for exchange rate regimes in emerging East Asia. This paper examines … the behavior of the RMB exchange rate and the impact of RMB movements on those of other currencies in emerging East Asia …