The Revaluation and Future Adjustment of the Renminbi

Benjamin Everard and Terence Tai Leung Chong ()

Chinese Economy, 2007, vol. 40, issue 5, pages 6-20

Abstract: This article examines China's contemporary macroeconomic controls, highlighting the recent currency revaluation. We suggest that the July 2005 revaluation was inadequate in maintaining a level in line with market expectations, and it has had a negligible effect on exports, imports, job growth, investment, and gross domestic product. Justification for the undervaluation is provided. We examine in detail the benefits to China of a one-off appreciation of the renminbi by 15-25 percent, with an increased trading band of +/- 2 to 4 percent.

Date: 2007

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=1522112P245743L9 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:mes:chinec:v:40:y:2007:i:5:p:6-20

Access Statistics for this article

More articles in Chinese Economy from M.E. Sharpe, Inc.
Series data maintained by Christopher F. Baum ().