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Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity priceswith … excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. -- Inflation ; exchange rates …
Persistent link: https://www.econbiz.de/10003749649
Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with … excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s …
Persistent link: https://www.econbiz.de/10013316479
Persistent link: https://www.econbiz.de/10003972186
and regain autonomy in its monetary policy, China needs to move toward a free floating exchange rate system by refraining …
Persistent link: https://www.econbiz.de/10014055361
, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 …
Persistent link: https://www.econbiz.de/10010304732
Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity priceswith … excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. …
Persistent link: https://www.econbiz.de/10010275871
China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a … revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to … investigating bilateral trade balances between China and 11 of her main trading partners. Being the first to use structural …
Persistent link: https://www.econbiz.de/10012899706
This paper finds that limited exchange rate flexibility in the form of "fear of appreciation" significantly slows adjustment of current account imbalances, providing novel support for Friedman's conjecture regarding exchange-rate flexibility. We present a new stylized fact: floaters have faster...
Persistent link: https://www.econbiz.de/10013334498
The paper discusses global current account imbalances in the context of an asymmetric world monetary system and … against the euro or members of the euro area (euro periphery). The paper finds that changes of world current account positions …
Persistent link: https://www.econbiz.de/10009508894
Import competition from China is pervasive in the sense that for many good categories, the competitive environment that …. This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi vis-à-vis the USD from …. Simulations incorporating these microeconomic findings reveal that a substantial revaluation of the renminbi would result in a …
Persistent link: https://www.econbiz.de/10010493916