NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

New Estimation of China's Exchange Rate Regime

Jeffrey A. Frankel

NBER Working Paper No. 14700
Issued in February 2009

---- Acknowledgements -----

The author would like to thank Danxia Xie for excellent research assistance and the Mossavar-Rahmani Center for Business and Government for support. His paper (minus Appendix) is to appear in the Pacific Economic Review (Wiley), 2009. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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