Chinese Currency Policy as Economic Strategy Analytical Essay by Top Papers

This research examines how Chinese monetary policy is utilized as a foreign policy device for very specific gains in international relations in a fashion that other countries do not utilize their monetary policy. A large aspect of this discussion centres on the managed float of the Chinese currency, the Renminbi (RMB), which has only just recently been un-pegged from the U.S. dollar. The paper discusses, however, how there are several other aspects of China's monetary policy that have been used to indirectly influence, positively, Chinese positions in terms of international relations and foreign policy.