China'S New Exchange Rate Policy: Will China Follow Japan Into A Liquidity Trap?
Todays' American mercantile pressure on China to appreciate the renminbi against the dollar is eerily similar to the American pressure on Japan to appreciate the yen that began over 30 years ago. There are some differences between the two cases, but downward pressure on Chinese interest rates from foreign exchange risk could lead China into a zero interest rate liquidity trap much like the one that Japan has suffered since the mid-1990s.
Volume (Year): 50 (2005)
Issue (Month): sp ()
|Contact details of provider:|| Web page: http://www.worldscinet.com/ser/ser.shtml|
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ronald McKinnon & Gunther Schnabl, 2004.
"The Return to Soft Dollar Pegging in East Asia. Mitigating Conflicted Virtue,"
0406007, EconWPA, revised 07 Jul 2004.
- Ronald McKinnon & Gunther Schnabl, 2004. "The Return to Soft Dollar Pegging in East Asia: Mitigating Conflicted Virtue," International Finance, Wiley Blackwell, vol. 7(2), pages 169-201, 07.
- Michael Funke, 2005.
"Inflation in Mainland China - Modelling a Roller Coaster Ride,"
Quantitative Macroeconomics Working Papers
20507, Hamburg University, Department of Economics.
- Michael Funke, 2005. "Inflation in Mainland China - Modelling a Roller Coaster Ride," Working Papers 152005, Hong Kong Institute for Monetary Research.
- Funke, Michael, 2005. "Inflation in mainland China – modelling a roller coaster ride," BOFIT Discussion Papers 6/2005, Bank of Finland, Institute for Economies in Transition.
When requesting a correction, please mention this item's handle: RePEc:wsi:serxxx:v:50:y:2005:i:sp:p:463-474. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim)
If references are entirely missing, you can add them using this form.