TY - BOOK AU - Goldstein,Morris AU - Lardy,Nicholas R. TI - The future of China's exchange rate policy T2 - Policy analyses in international economics SN - 9780881324167 AV - HG3978 G618 F 2009 PY - 2009/// CY - Washington, DC PB - Peterson Institute for International Economics KW - Foreign exchange rates KW - China KW - International economic relations KW - Commerce N1 - Evolution of China's exchange rate in the reform era -- Transition to an equilibrium exchange rate -- Developments since mid-2005 -- Challenges facing the Chinese authorities under the existing currency regime -- Independence of monetary policy -- Rebalancing economic growth -- Potential effects of Renminbi appreciation on China's banking system -- External adjustment, global imbalances, and the risk of protectionism -- Policy implications and options -- The stay-the-course strategy -- The three-stage approach; HKBU library; YT2025 M10 ER -