The Chinese renminbi: what’s real, what’s not

Patrick Higgins and Owen Humpage

Economic Commentary, 2005, issue Aug

Abstract: China's recent devaluation and liberalization of its exchange-rate policies will, at best, have only a temporary impact on its trade competitiveness with the United States. The type of exchange-rate regime that a country adopts matters little for its long-term international competitiveness. In addition, the recent focus on China's exchange rate diverts attention from the real problem: China?s command economy.

Keywords: Foreign; exchange; rates; -; China (search for similar items in EconPapers)
Date: 2005
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