Money Talks
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Title: Money Talks

Essay Details:

Subject: Business
Date: December 9, 2014
Level: University
Grade: A
Length: 9 / 2446

Essay text:

Central banks regularly engage in international financial transactions called foreign exchange interventions in order to influence exchange rates. While in the current international financial environment some exchange rates float freely, fluctuating from day to day, most operate under a managed float regime. Specifically, under a managed float (sometimes also known as a "dirty float"), the central bank attempts to influence exchange rates by buying and selling currencies. Under a managed floating currency, the PBOC will keep exchange values, especially the dollar/yuan rate, from experiencing big shifts by resetting the value of the yuan at the end of each trading day...

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