Shu, Chang; Su, Xiaojing - In: China & World Economy 17 (2009) 1, pp. 33-46
During the second half of 2007 and early part of 2008 when there were intense inflationary pressures in China, RMB appreciation was advocated as a means of helping to curb inflation. The effectiveness of appreciation in controlling inflation depends on the impact of exchange rate movements on...