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UGANDA: Interest Rate Raised

Book ID: 110940317
Publisher: John Wiley and Sons
Year: 2011
Weight: 82 KB
Volume: 48
Category: Article
ISSN: 0001-9852
DOI: 10.1111/j.1467-6346.2011.04208.x

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## Abstract One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However, we note that both theoretical considerations and empirical results do not offer a definite answer on the link between exchange rate arrangement and policy dependence.