Goldstein, Morris - Peter G. Peterson Institute for International Economics … - 2004
In this paper the author argues that China's exchange rate policy is seriously flawed given its current macroeconomic …-valued; (ii) China has been "manipulating" its currency, contrary to the IMF rules of the game; (iii) it is in China's own … interest, as well as in the interest of the international community, for China to initiate an appreciation of the RMB soon; and …