ebook img

Debating China's Exchange Rate Policy PDF

401 Pages·2008·1.41 MB·English
Save to my drive
Quick download
Download

Download Debating China's Exchange Rate Policy PDF Free - Full Version

by Morris Goldstein, Nicholas R. Lardy| 2008| 401 pages| 1.41| English

About Debating China's Exchange Rate Policy

China's exchange rate policy has a great impact on the economies of the United States and the rest of the world. This important new book, based on an October 2007 conference, looks at this issue in great detail.The book has four sections. The first section assesses progress since China's July 2005 reform of its currency regime, with due attention to China s global current account position, movement of China s real effective exchange rate, the extent of the remaining misalignment of the renminbi, the roles of market forces and a currency basket in the determination of the renminbi exchange rate, and developments in the structure of the foreign exchange market. The second section analyzes how Chinese exchange rate policy reform will affect, and will be affected by, reforms and constraints in other areas of economic policy. The third section delves into the issues raised by China's exchange rate policies for international surveillance of exchange rates and for the timely correction of external payments imbalances. These issues include the appropriate rules of the game for International Monetary Fund (IMF) surveillance over exchange rate policies, the effects of China's exchange rate policies on other Asian emerging economies, and the contribution that US and European policies should make to external adjustment as a counterpart to and inducement for greater exchange rate flexibility in Asia. Finally, the concluding section presents specific proposals for how China's exchange rate and capital account policies might be modified over the medium term.These proposals address how best to eliminate any misalignment of the renminbi; how best to reduce pressures emanating from the sterilization of large reserve accumulation; how best to make capital flows the ally not the enemy of exchange rate policy; and what institutional arrangements and policy guidelines to put in place to reap the greatest benefits from management of China's large exchange reserves. Contributors to the volume include: Lawrence Summers, Jeffrey Frankel, and Kenneth Rogoff, Harvard University; Simon Johnson and Steve Dunaway, International Monetary Fund; Mohamed El-Erian, Harvard Management Company; William R. Cline, Gary Clyde Hufbauer, Michael Mussa, Edwin M. Truman, and John Williamson, Peterson Institute; Barry Bosworth, Brookings Institution; Takatoshi Ito, University of Tokyo; Stephen Roach, Morgan Stanley; Fan Gang and Jin Zhongxia, People s Bank of China; Eswar Prasad, Cornell University; Shang-Jin Wei, Columbia University; Bert Hofman and Louis Kuijs, World Bank; Yung Chul Park, Seoul University; Jean Pisani-Ferry, Bruegel; Timothy Adams, Lindsey Group; and Brad Setser, Council on Foreign Relations.

Detailed Information

Author:Morris Goldstein, Nicholas R. Lardy
Publication Year:2008
ISBN:9781435655379
Pages:401
Language:English
File Size:1.41
Format:PDF
Price:FREE
Download Free PDF

Safe & Secure Download - No registration required

Why Choose PDFdrive for Your Free Debating China's Exchange Rate Policy Download?

  • 100% Free: No hidden fees or subscriptions required for one book every day.
  • No Registration: Immediate access is available without creating accounts for one book every day.
  • Safe and Secure: Clean downloads without malware or viruses
  • Multiple Formats: PDF, MOBI, Mpub,... optimized for all devices
  • Educational Resource: Supporting knowledge sharing and learning

Frequently Asked Questions

Is it really free to download Debating China's Exchange Rate Policy PDF?

Yes, on https://PDFdrive.to you can download Debating China's Exchange Rate Policy by Morris Goldstein, Nicholas R. Lardy completely free. We don't require any payment, subscription, or registration to access this PDF file. For 3 books every day.

How can I read Debating China's Exchange Rate Policy on my mobile device?

After downloading Debating China's Exchange Rate Policy PDF, you can open it with any PDF reader app on your phone or tablet. We recommend using Adobe Acrobat Reader, Apple Books, or Google Play Books for the best reading experience.

Is this the full version of Debating China's Exchange Rate Policy?

Yes, this is the complete PDF version of Debating China's Exchange Rate Policy by Morris Goldstein, Nicholas R. Lardy. You will be able to read the entire content as in the printed version without missing any pages.

Is it legal to download Debating China's Exchange Rate Policy PDF for free?

https://PDFdrive.to provides links to free educational resources available online. We do not store any files on our servers. Please be aware of copyright laws in your country before downloading.

The materials shared are intended for research, educational, and personal use in accordance with fair use principles.