At the December 2003 European Council, EU Heads of State and Government adopted a European Security Strategy, with a view to assisting necessary prioritisation and further elaboration of EU foreign policy activities. The Strategy document identifies the key security challenges facing Europe in...

This paper deals with two related issues: the sustainability of China's exchange rate regime and the opening up of its capital account. The exchange rate discussion deliberately passes over the issue of the "equilibrium" value of the renminbi and its alleged undervaluation - typically at the...