If PBoC wants to manage currency movements, one instrument in its toolkit are reserve requirements for banks buying and selling RMB. Tightened in 2016 to stem depreciation. Cut to zero to slow appreciation.
@SoberLook https://t.co/Uqs7Xt3wB9
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…