The anatomy of a peg: lessons from China’s parallel currencies
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- Michael D. Bordo & Owen F. Humpage & Anna J. Schwartz, 2015. "Strained Relations: US Foreign-Exchange Operations and Monetary Policy in the Twentieth Century," NBER Books, National Bureau of Economic Research, Inc, number bord12-1, July.
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More about this item
Keywords
Chinese monetary policy; Gresham’s law; Goodhart’s law; Money markets; RMB;All these keywords.
JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2024-03-25 (Banking)
- NEP-CNA-2024-03-25 (China)
- NEP-MON-2024-03-25 (Monetary Economics)
- NEP-OPM-2024-03-25 (Open Economy Macroeconomics)
- NEP-PAY-2024-03-25 (Payment Systems and Financial Technology)
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