Commentaries by Guonan Ma
Visiting Research Fellow at Bruegel
Dr Guonan Ma is a visiting research fellow at Bruegel. Prior to this, he was a senior economist at the Representative Office for Asia and the Pacific of the Bank for International Settlements (BIS) for thirteen years. Before joining the BIS in 2001, he worked as a chief North Asia economist for ten years at various investment banks, including Merrill Lynch, Salomon Smith Barney and Bankers Trust.
Apr 15, 2015
The Chinese economy is simply too big to remain tied to the once useful monetary anchor of the renminbi–U.S. dollar peg. It is time to let it go. In the short term, it would help deliver a warranted Chinese monetary easing by helping to stabilise the effective exchange rate and to facilitate an orderly unwinding of the Chinese corporate carry trade.