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China’s Yuan: surprise surprise !

China’s Yuan: surprise surprise !

| 13 Agosto 201522 Aprile 2016

True, the Yuan’s depreciation  in the last 3 days, about 3.3% , is a big change since the policy of peg to the US dollar adopted by the Bank of China around 2005. But is it really a surprise? A quick look at the graph below, which depicts the chinese current account surplus as a […]

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Paolo Manasse

Professor of Economics
Economics Department, University of Bologna

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