Articles liés à The Future of China's Exchange Rate Policy

The Future of China's Exchange Rate Policy - Couverture souple

Goldstein, Morris

 
9780881324167: The Future of China's Exchange Rate Policy
Couverture souple
ISBN 10 : 0881324167 ISBN 13 : 9780881324167
Editeur : The Peterson Institute for International Economics, 2008

Synopsis

Over the past five years China has emerged as the world's largest global surplus economy; indeed by 2007-08 the size of its surplus relative to its GDP was of a magnitude unprecedented for a large trading economy. This development is especially surprising since in the first twenty-five years of economic reform China's trade and current account surpluses were quite small by East Asian standards, averaging less than 2 percent of GDP.

This study provides a comprehensive analysis of the key economic challenges facing the Chinese authorities in light of the still undervalued exchange rate, the large build-up of foreign exchange reserves, and more recently the sharp decline in economic growth. It analyzes the implications of China's exchange-rate policy for the effectiveness of monetary policy, the transition to a commercially oriented banking system, the evolving structure of output and demand, and the risk of protectionism abroad. The policy-options portion of the study takes account of the significant real effective appreciation of the renminbi over the past fifteen months and will contrast the pros and cons of a "stay-the-course" policy with that of a bolder, "three-stage" approach that would seek to maintain recent progress and to reduce even further the undervaluation of the renminbi.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Morris Goldstein, nonresident senior fellow, has held several senior staff positions at the International Monetary Fund (1970-94), including Deputy Director of its Research Department (1987-94). From 1994 to 2010, he held the Dennis Weatherstone Senior Fellow position at the Peterson Institute. He has written extensively on international economic policy and on international capital markets.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The Peterson Institute for International Economics
Date d'édition
2008
Langue
anglais
ISBN 10 
0881324167
ISBN 13 
9780881324167
Reliure
Broché
Numéro d'édition
1
Nombre de pages
124
Coordonnées du fabricant
non disponible
Personne responsable
Purmerul LTD
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