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The end of Europe's longstanding indifference to the renminbi

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  • Jean Pisani-Ferry

Abstract

In this Policy Contribution, Jean Pisani-Ferry observes the lack of European interest towards China‘s exchange policy rate. He believes that Europeans, compared to Americans, are slower to react to external developments. The absence of significant external deficit, doubts about which policy stance is desirable, internal disagreements, an untested governance of exchange-rate relations, and a habit of following US leadership may have all contributed to a slow European response. That said,...

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  • Jean Pisani-Ferry, 2008. "The end of Europe's longstanding indifference to the renminbi," Policy Contributions 263, Bruegel.
    • Handle: RePEc:bre:polcon:263
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    References listed on IDEAS

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    1. Michael P. Dooley & David Folkerts-Landau & Peter M. Garber, 2005. "An essay on the revived Bretton Woods system," Proceedings, Federal Reserve Bank of San Francisco, issue Feb.
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    4. Alan Ahearne & William R. Cline & Kyung Tae Lee & Yung Chul Park & Jean Pisani-Ferry & John Williamson, 2007. "Global Imbalances: Time for Action," Policy Briefs PB07-4, Peterson Institute for International Economics.
    5. repec:bla:jcmkts:v:45:y:2007:i::p:315-342 is not listed on IDEAS
    6. Olivier Blanchard & Francesco Giavazzi & Filipa Sa, 2005. "The U.S. Current Account and the Dollar," NBER Working Papers 11137, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Jérémie Cohen-Setton & Jean Pisani-Ferry, 2008. "Asia-Europe- The Third Link," Working Papers 44, Bruegel.

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