Centrální banka jako aktér ekonomické diplomacie - příklad Čínské lidové republiky

In the light of the accelerating process of globalization of international economic relations, the attention towards the phenomenon of economic diplomacy has been growing. The interdependence of individual entities and intensifying competition in international trade have been calling for the use of even more original and controversial ways of defending economic, often even political, interests of individual countries. The perfect example of this is the growing range of actors operating within the framework of economic diplomacy. Surprisingly, one of those can be a very powerful institution of a central bank. Through the time, it has served not only for the purpose of internal economic stability, but also, through its complex tools, it can strongly influence export and foreign direct investment issues. Thus, can central bank be an actor of economic diplomacy? This paper attempts to answer this question while analysing a very sophisticated policy of exchange rate manipulation implemented by the Chinese central bank to support local export and investment.