China's exchange rate policy has been involved in a hot debate in recent years. Most economists believe that Chinese currency, Renminbi(RMB), has been significantly undervalued. Since the bilateral trade between China and the US has been increasing dramatically over years, US officials blame that...
China's New Exchange Rate Policy: Will China Follow Japan into a Liquidity Trap? On July 21, 2005, China gave in to concerted foreign pressure—some of it no doubt well meant—to give up the fixed exchange rate it had held and grown int... R Mckinnon - Stanford Institute for Economic...
International Conference on Social Science, Education Management and Sports Education (SSEMSE 2015) China's Exchange Rate Policy and Bilateral Trade Surplus with the US L. CHEN School of Business, Jianghan University, Wuhan 430056, China ABSTRACT: China's exchange rate policy has been involved in ...
China's New Exchange Rate Policy: Will China Follow Japan into a Liquidity Trap? exchange policy.2 But the move signaled that further appreciations had become more likely in the guise of achieving greater exchange rate flexibility. Americ... R Mckinnon - Stanford Institute for Economic Policy ...
We can make four obvious replies to Mr Wen. First, whatever the Chinese may feel, the degree of protectionism directed at their exports has been astonishingly small, given the depth of the recession. Second, the policy of keeping the exchange rate down is equivalent to an export subsidy and...
The article describes important aspects of China's exchange rate policy, it outlines the problems that such policy creates for China and the global economy, and finally, proposes a policy compromise. Per longstanding agreement, China's currency, the renminbi (RMB), has been identified as managed...
This paper critically comments on the policy literature surrounding China's exchange rate regime. It first seeks to expose as myths several popularly raised contentions regarding the dollar peg employed by China, including the belief that the RMB is clearly undervalued and that its value is a promi...
Purpose - This paper aims to critically examine China's exchange rate policy debate and discuss Chinese financial and capital control reform of recent years. Furthermore, using the empirical results based on a regional general equilibrium model, alternative methods are suggested of addressing American ...
Therefore, Chinese foreign exchange policy is an important subject, but it is not the solution to the problems of the global economy - which have deeper roots than that. However, there is no excuse for China implementing unfair exchange rate policies, or replacing such policies with controversial...