interplay between the macro-economic imbalances, notably in the relationship between the USA and China, and the more micro … book. In the disputes about the relative culpability of China and the USA for current macro-economic problems, they tend to …, from the future of the renminbi to that of the United States. They wisely urge that, as China's rise continues, the United …

role of monetary policy -- 5. The post-crisis world -- 6. China's prospects and challenges -- 7. The US external position …