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One alternative to a free float is a one-off appreciation.
To curb future inflation, China therefore needs to stem the flood of capital.One solution would be a large one-off appreciation of the yuan so that investors no longer see it as a one-way bet.
But just as the Chinese authorities did not resort to a big one-off appreciation when the yuan seemed too weak, they are unlikely to embark on a dramatic devaluation now that it is looking strong.The yuan has been one of the world's top-performing currencies this year.
Click on Create One-Off Event.
Some economists argue that a big one-off revaluation would help to stem inflows by reducing the expected future appreciation of the yuan.
That is why firms may exaggerate their one-off charges which will be ignored in order to boost ongoing future profits, which will be celebrated.As for share options and pension-fund appreciation, Mr Greenspan reckons that they are more than cancelled out by the mistreatment of expenditure on software and other information technology.
He was a one-off".
Those who think it is a trade regard the rush to buy homes as a one-off, a stampede to get into the American housing market while prices are low in order to take advantage of the cycle of house-price appreciation that is now well under way.
There are fine one-off observations, too.
This was not just a one-off".
"He's a one-off special person.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com