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

Author

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  • Patrick C. Higgins
  • Owen F. Humpage

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.

Suggested Citation

  • Patrick C. Higgins & Owen F. Humpage, 2005. "The Chinese renminbi: what’s real, what’s not," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
    • Handle: RePEc:fip:fedcec:y:2005:i:aug15
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    Cited by:

    1. Marvin Goodfriend, 2007. "Monetary Policy in East Asia: Common Concerns," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(S1), pages 207-232, December.
    2. David Altig, 2005. "Whose afraid of a renminbi float?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(3), pages 22-28, October.
    3. David Altig, 2005. "Whose afraid of a renminbi float?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(03), pages 22-28, October.

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    Keywords

    Foreign exchange rates - China;

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