. In the past few years, this issue has moved to center stage because of the foreign exchange policies of China. China has … large global and bilateral trade surpluses. Numerous public officials and commentators argue that China has engaged in … impermissible quot;currency manipulation,quot; and various proposals for stiff action against China have been advanced. This paper …

. In the past few years, this issue has moved to center stage because of the foreign exchange policies of China. China has … large global and bilateral trade surpluses. Numerous public officials and commentators argue that China has engaged in … impermissible "currency manipulation," and various proposals for stiff action against China have been advanced …