The Chinese renminbi: what’s real, what’s not

China's recent devaluation and liberalization of its exchange-rate policies will, at best, have only a temporary impact on its trade competitiveness with the United States. The type of exchange-rate regime that a country adopts matters little for its long-term international competitiveness. In addition, the recent focus on China's exchange rate diverts attention from the real problem: China’s command economy.

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Year of publication:	2005
Authors:	Higgins, Patrick ; Humpage, Owen F.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2005, Aug, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Foreign exchange rates \| China

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005390387