Chen, Jinzhao - In: Asia and the global economy : AGE 3 (2023) 2, pp. 1-9
Moving away from a fixed exchange rate in 2005, China has gradually enlarged the band of fluctuations of Renminbi (RMB) and implemented various reforms on its central parity to have a more flexible exchange rate regime. This paper studies the nature of the exchange rate regime in China since the...