04896nam 2200685 a 450 991082557310332120240417020220.01-281-39712-197866113971280-88132-486-81-4356-5537-0(CKB)1000000000535169(EBL)3385476(OCoLC)666925337(SSID)ssj0000135692(PQKBManifestationID)11132412(PQKBTitleCode)TC0000135692(PQKBWorkID)10063875(PQKB)11538342(MiAaPQ)EBC3385476(Au-PeEL)EBL3385476(CaPaEBR)ebr10231497(CaONFJC)MIL139712(EXLCZ)99100000000053516920080211d2008 uy 0engurcn|||||||||txtccrDebating China's exchange rate policy[electronic resource] /Morris Goldstein, Nicholas R. Lardy, editors1st ed.Washington, DC Peterson Institute for International Economics20081 online resource (401 p.)Proceedings of a conference.0-88132-415-9 Includes bibliographical references and index.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; ReferencesComment: 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; ReferencesComment: 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?; ReferencesComment: 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 AsiaComment: 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; IndexForeign exchange ratesChinaCongressesForeign exchangeGovernment policyChinaCongressesCurrency questionChinaCongressesMonetary policyChinaCongressesForeign exchange ratesForeign exchangeGovernment policyCurrency questionMonetary policy332.4/560951Goldstein Morris1944-124127Lardy Nicholas R121566MiAaPQMiAaPQMiAaPQBOOK9910825573103321Debating China's exchange rate policy3947442UNINA