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Euro and the Yuan: Different Peas in the Same Pod

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  • Surjit S Bhalla

    (Oxus Investments, S-160 Panchshila Park, New Delhi 110017, India.)

Abstract

This paper attempts to distill and integrate findings on the role that exchange rates, and their valuation, play in determining the fortunes and deficits of nations. It documents the symmetric effects of currency valuation on economic growth and imbalances in the current account. It is hypothesized that if a currency is undervalued, it helps economic growth to proceed faster than otherwise, and for current account surpluses to be larger than otherwise. Contrasting experiences of as diverse economies as China, Japan, and the Eurozone post the introduction of the Euro in 1998 are evaluated from the prism of currency undervaluation.

Suggested Citation

  • Surjit S Bhalla, 2011. "Euro and the Yuan: Different Peas in the Same Pod," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 53(3), pages 355-381, September.
    • Handle: RePEc:pal:compes:v:53:y:2011:i:3:p:355-381
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    Cited by:

    1. A. Seetharaman & A.S. Saravanan & Nitin Patwa & Jigar Mehta, 2017. "Impact of Bitcoin as a World Currency," Accounting and Finance Research, Sciedu Press, vol. 6(2), pages 230-230, May.

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