Debating China's exchange rate policy / Morris Goldstein, Nicholas R. Lardy, editors.

Format:

Book

Contributor:

Goldstein, Morris, 1944-

Lardy, Nicholas R.

Language:

English

Subjects (All):

Foreign exchange rates--China--Congresses.

Foreign exchange rates.

Foreign exchange--Government policy--China--Congresses.

Foreign exchange.

Currency question--China--Congresses.

Currency question.

Monetary policy--China--Congresses.

Monetary policy.

Physical Description:

1 online resource (401 p.)

Edition:

1st ed.

Place of Publication:

Washington, DC : Peterson Institute for International Economics, 2008.

Language Note:

English

Summary:

Half or more of the annual gains from trade would come from the removal of industrial-country protection against developing-country exports. By removing their trade barriers, industrial countries could convey economic benefits to developing countries worth about twice the amount of their annual development assistance. By helping developing countries grow through trade, moreover, industrial countries could lower costs to consumers for imports and realize other economic efficiencies.

Contents:

Cover; Contents; Preface; Acknowledgments; Chapter 1: China's Exchange Rate Policy: An Overview of Some Key Issues; Challenges Facing the Chinese Authorities under the Existing Currency Regime; Policy Implications and Options; References; Comment: China's Industrial Investment Boom and the Renminbi; Comment: Renminbi Revaluation and US Dollar Depreciation; Chapter 2: Monetary Policy Independence, the Currency Regime, and the Capital Account in China; Investment-Led Growth; Macroeconomic Policies; Path to Reforms; An Alternative Monetary Policy Framework; Conclusion; References

Comment: Some Bubbles in the Discussion of the Chinese Exchange Rate Policy Comment: The Open Economy Trilemma: An Alternative View from China's Perspective; Chapter 3: Rebalancing China's Growth; China's Past Growth Performance; An Alternative Growth Strategy for China; Conclusion; References; Comment: Approaches to Rebalancing China's Growth; Comment: Domestic Imbalances and Data Ambiguities; Chapter 4: Estimates of the Equilibrium Exchange Rate of the Renminbi: Is There a Consensus and, If Not, Why Not?; Approaches and Methodological Issues; Review of Estimates; Conclusion; References

Comment: Equilibrium Exchange Rate of the Renminbi Comment: Toward a Balanced Approach; Chapter 5: The Management of China's International Reserves: China and a Sovereign Wealth Fund Scoreboard; References; Appendix 5A: A Scoreboard for Sovereign Wealth Funds; Comment: Toward a Better Understanding of Sovereign Wealth Funds; Comment: Impact of China Investment Corporation on the Management of China's Foreign Assets; Chapter 6: The US Congress and the Chinese Renminbi; Legislation as a Lever?; Engaging the WTO?; Giving a Larger Voice to Congress?; Mirror Legislation Abroad?; References

Comment: The Politics of Trade Frictions Chapter 7: Influence of the Renminbi on Exchange Rate Policies of Other Asian Currencies; Overview of Exchange Rate Developments, 2004-07; Exchange Rate Regimes in East Asia; Basket Currency Proposals; Political Economy; Global Imbalances and East Asia; Concluding Remarks; References; Appendix 7A: Public Announcement of the People's Bank of China on Reforming the RMB Exchange Rate Regime, July 21, 2005; Comment: The Regional Currency Unit and Exchange Rate Policy Cooperation in East Asia

Comment: The End of Europe's Long-Standing Indifference to the Renminbi Chapter 8: IMF Surveillance over China's Exchange Rate Policy; China's Exchange Rate Policy; The Monetary Approach: Explaining Some Chinese Puzzles; The Problem of Global Imbalances; What To Do Now; Accountability; References; Comment: The IMF's Approach to Surveillance; Chapter 9: Commentary; Andrew Crockett; Fan Gang; C. Fred Bergsten; Lawrence H. Summers; Keynote Address China's Exchange Rate Policy and Economic Restructuring; About the Contributors; Index

Notes:

Proceedings of a conference.

Includes bibliographical references and index.

ISBN:

1-281-39712-1

9786611397128

0-88132-486-8

1-4356-5537-0

OCLC:

666925337