Is the Chinese Renminbi Undervalued?
AbstractThe Chinese government has come under increasing criticism from both the U.S. government and some critics in U.S. industry for manipulating its currency. This article offers some insight on whether the yuan is correctly valued. Evidence suggests that, regardless of whether a fixed exchange rate or a market-driven exchange rate is used, the yuan is close to a correct value, and efforts to force more appreciation could be deflationary for China.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17776.
Date of creation: 31 Mar 2007
Date of revision:
Publication status: Published in Research Buzz 3.3(2007): pp. 1-3
exchange rate valuation; fixed exchange rate; real exchange rate;
Find related papers by JEL classification:
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F31 - International Economics - - International Finance - - - Foreign Exchange
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