Is the Chinese Renminbi Undervalued?
The 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.
|Date of creation:||31 Mar 2007|
|Date of revision:|
|Publication status:||Published in Research Buzz 3.3(2007): pp. 1-3|
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- Alan M. Taylor & Mark Taylor, 2004.
"The Purchasing Power Parity Debate,"
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- Kenneth A. Froot & Kenneth Rogoff, 1994. "Perspectives on PPP and Long-Run Real Exchange Rates," NBER Working Papers 4952, National Bureau of Economic Research, Inc.
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