Evolution of China's exchange rate in the reform era
Transition to an equilibrium exchange rate
Developments since mid-2005
Challenges facing the Chinese authorities under the existing currency regime
Independence of monetary policy
Rebalancing economic growth
Potential effects of Renminbi appreciation on China's banking system
External adjustment, global imbalances, and the risk of protectionism
Policy implications and options
The stay-the-course strategy
The three-stage approach.
The future of China's exchange rate policy by Morris Goldstein. ISBN 9780881324167. Published by Peterson Institute for International Economics in 2009. Publication and catalogue information, links to buy online and reader comments.