Frankel, Jeffrey A. - In: CESifo economic studies : CESifo, a joint initiative of … 52 (2006) 2, pp. 246-275
for China. (i) Although foreign exchange reserves are a useful shield against currency crises, by now China's current … independent policy instruments (e.g. the real exchange rate and the interest rate). (iv) A large economy like China can achieve … in China are lownot just low relative to the US (0.23), but also low by the standards of a BalassaSamuelson relationship …
