regimes and capital account restrictions, such as China and Malaysia. This may suggest that the countries with fixed exchange …

.S. commercial banks, production activities and the foreign exchange rate between U.S. and China. This paper uses monthly data from ….S. and China. The results demonstrate that U.S. short term federal funds rate, U.S. manufacturing capacity utilization, and …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

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 …

China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …

For creditor countries on the periphery of the dollar standard such as China with current account surpluses, foreign … the (incipient) deflation that China now faces. It could create a zero-interest liquidity trap in financial markets that …

China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …

potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused—both in China and the …

(RER2) and ratio of banking credit to GDP (BCred) were found to significantly influence the EMPI, indicating that the …