Publications
Publications
- June 2011 (Revised August 2011)
- HBS Case Collection
China and the Yuan-Dollar Exchange Rate
By: Aldo Musacchio
Abstract
This note explains how the People's Bank of China (PBOC) manages (some say manipulate) the dollar-yuan exchange rate. It discusses briefly the process of sterilization in China and the possible costs for the PBOC. Therefore, the note summarizes some of the main challenges the PBOC faces to contain inflation in China and to keep Chinese exports competitive.
Keywords
Citation
Musacchio, Aldo. "China and the Yuan-Dollar Exchange Rate." Harvard Business School Background Note 711-110, June 2011. (Revised August 2011.)