Part I. China's Exchange Rate Regime and Monetary Policy: 1. The renminbi-US dollar exchange rate controversy 2. China's reserve buildup and global imbalances 3. Combating inflation and deflation 4. People's Bank of China policy-making and external pressures (with Pierre Siklos) Part II. The Importance of International Factors, Past and Present: 5. US pressure on China and Hong Kong in the 1930s 6. Inflation transmission to Taiwan in the 1940s (with Hsin-hui I. H. Whited) 7. WTO challenges and China's banking sector today (with Emily Kochanowicz) Part III. The People's Republic Role within Greater China and Asia: 8. Asset market expansion and Shanghai vs. Hong Kong listings of Chinese firms 9. Economic interdependence with Taiwan (with Hsin-hui I. H. Whited) 10. Conclusions and future prospects for the renminbi.
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