1.

Record Nr.

UNINA9910825573103321

Titolo

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

Pubbl/distr/stampa

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

ISBN

1-281-39712-1

9786611397128

0-88132-486-8

1-4356-5537-0

Edizione

[1st ed.]

Descrizione fisica

1 online resource (401 p.)

Altri autori (Persone)

GoldsteinMorris <1944->

LardyNicholas R

Disciplina

332.4/560951

Soggetti

Foreign exchange rates - China

Foreign exchange - Government policy - China

Currency question - China

Monetary policy - China

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Proceedings of a conference.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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