Challenges Facing the People’s Republic of China
Edited by Juhzon Zhuang, Paul Vandenberg and Yiping Huang
Chapter 9: Monetary and fiscal operations: a look at the options
9. Monetary and fiscal operations: a look at the options Yolanda Fernandez Lommen and L. Randall Wray 9.1 INTRODUCTION The People’s Republic of China (PRC) operates a sovereign currency, albeit in a dollar-standard world in which the vast majori...
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