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Prominent Economists’ views: China’s exchange rate - fixed or floating?

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  • Ginny YANG

Abstract

This article explores the ongoing debate among leading economists regarding the optimal exchange rate regime for China. It examines the historical evolution of China’s exchange rate policy, the economic rationale behind fixed versus floating regimes, and the implications for trade, capital flows, and monetary policy autonomy. Drawing on expert commentary and empirical evidence, the article evaluates the trade-offs and policy challenges China faces in managing its currency in a globalized economy.

Suggested Citation

  • Ginny YANG, 2025. "Prominent Economists’ views: China’s exchange rate - fixed or floating?," Turkish Economic Review, EconSciences Journals, vol. 12(1), pages 1-25, March.
  • Handle: RePEc:cvv:journ2:v:12:y:2025:i:1:p:1-25
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    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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