The document discusses China's evolving foreign exchange policy, particularly the management of the RMB with reference to a basket of currencies. It compares this approach to Singapore's and highlights the potential constraints on interest rate policy. The document suggests that the ultimate goal is to achieve genuine currency flexibility. It also emphasizes the importance of investor confidence and the need for China to deliver on reform pledges to ensure attractive returns on investment.
documents/vol00010-efta01459586-pdf.pdf
{"title":"Global Economic Perspectives: China's evolving FX policy","key_people":["Michael Spencer"],"document_date":"2016-01-15","document_type":"other","key_locations":["China","Singapore"],"key_organizations":["PBOC","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0120092","SDNY_GM_00266276","EFTA01459586"]}