Previous studies on whether the nature of the exchange rate regime influences a country's medium-term growth performance have been based on a tripartite classiflcation scheme that distinguishes between pegged, intermediate and flexible exchange rate regimes. This classification scheme, however,...

China's integration into the world economy has benefited its people by reducing poverty and raising living standards, and it has benefited the industrialized world by producing manufactured goods at lower cost. It has also raised geopolitical concerns as China's power grows, economic concerns as...