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The three devaluations of the yuan, between 10 and 12 August, have key implications for the world economy and the geopolitical balance in the Asia-Pacific [1]. The “relatively big” trade surplus keeps the effective exchange rate “relatively high” and therefore, it is not “entirely consistent with the expectations of the market”, specifies the People’s Bank of […]
Posts Tagged ‘effective exchange rate’
The devaluation of the yuan tests China’s rise as a world power, by Ariel Noyola Rodríguez
August 31st, 2015 
Awake Goy 
Posted in World News 
Tags: china, devaluation, effective exchange rate, People's Bank of China 
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