Euro and the Yuan: Different Peas in the Same Pod

Surjit Bhalla

Comparative Economic Studies, 2011, vol. 53, issue 3, 355-381

Abstract: This paper attempts to distill and integrate findings on the role that exchange rates, and their valuation, play in determining the fortunes and deficits of nations. It documents the symmetric effects of currency valuation on economic growth and imbalances in the current account. It is hypothesized that if a currency is undervalued, it helps economic growth to proceed faster than otherwise, and for current account surpluses to be larger than otherwise. Contrasting experiences of as diverse economies as China, Japan, and the Eurozone post the introduction of the Euro in 1998 are evaluated from the prism of currency undervaluation.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v53/n3/pdf/ces201120a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v53/n3/full/ces201120a.html Link to full text HTML (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: https://EconPapers.repec.org/RePEc:pal:compes:v:53:y:2011:i:3:p:355-381

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2

Access Statistics for this article

Comparative Economic Studies is currently edited by Nauro Campos

More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().