Exchange Rate Risk
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Exchange Rate Risk: According to Nouriel Roubini in an essay published online by New York University's Stern School of Business, large trade surpluses, rapid export growth, large foreign direct investment inflows and large foreign currency reserve increases are not always signs of economic health for China. Trade surpluses, along with rising foreign exchange reserves, were once considered to be signs of China's economic dynamism and considered to have no negative implications. However, the scale of China's reserve accumulation and the difficulties managing those reserves are leading views to evolve. There is growing concern that rapid reserve growth is making it more difficult for Central Bank to conduct monetary policy. Looking ahead, China's central bank is considering how it will absorb another $250 billion or more in foreign currency reserves without putting the bank at risk in the event of the devaluation in value of one or more of the foreign currencies in which the centra
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Some common words found in the essay are:
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Approximate Word count = 664
Approximate Pages = 3 (250 words per page)
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