| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083702 | International Review of Economics & Finance | 2013 | 7 Pages |
Abstract
⺠It is shown that when the interest rate is zero, the optimal policy is nonintervention. ⺠A country actually may lose money if the interest rate exceeds the devaluation rate. ⺠China may have been losing money from excessive devaluation of renminbi since 2002.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hailong Jin, E. Kwan Choi,