What is pegging? What are the advantages of pegging? What are the disadvantages? Briefly discuss the controversy

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What is pegging? What are the advantages of pegging? What are the disadvantages? Briefly discuss the controversy over China’s management of the yuan-dollar exchange rate.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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