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China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People’s Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China’s international competitiveness. …
Persistent link: https://www.econbiz.de/10010877868
China keeps its exchange rate tightly fixed to the dollar. Its productivity growth and trade surplus have been high … reduce China’s trade surplus but could cause serious deflation in China. To show this, we consider international adjustment … between China and the United States from both an asset-market and a labor-market perspective, and compare this to Japan …
Persistent link: https://www.econbiz.de/10005765836
potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused—both in China and the …
Persistent link: https://www.econbiz.de/10009019144