China's Exchange Rate Policy : The Case Against Abandoning the Dollar PEG
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Ronald McKinnon & Gunther Schnabl, 2006.
"The East Asian Dollar Standard, Fear of Floating, and Original Sin,"
Chapters, in: Volbert Alexander & Hans-Helmut Kotz (ed.), Global Divergence in Trade, Money and Policy, chapter 3, pages 45-71,
Edward Elgar Publishing.
- Ronald McKinnon & Gunther Schnabl, 2004. "The East Asian Dollar Standard, Fear of Floating, and Original Sin," Review of Development Economics, Wiley Blackwell, vol. 8(3), pages 331-360, August.
- Ronald McKinnon & Gunther Schnabl, 2003. "The East Asian Dollar Standard, Fear of Floating, and Original Sin," Working Papers 03001, Stanford University, Department of Economics.
- Ronald McKinnon & Gunther Schnabl, 2003. "The East Asian Dollar Standard, Fear of Floating, and Original Sin," Working Papers 112003, Hong Kong Institute for Monetary Research.
- Eswar Prasad & Shang-Jin Wei, 2007.
"The Chinese Approach to Capital Inflows: Patterns and Possible Explanations,"
NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, pages 421-480,
National Bureau of Economic Research, Inc.
- Shang-Jin Wei & Mr. Eswar S Prasad, 2005. "The Chinese Approach to Capital Inflows: Patterns and Possible Explanations," IMF Working Papers 2005/079, International Monetary Fund.
- Eswar Prasad & Shang-Jin Wei, 2005. "The Chinese Approach to Capital Inflows: Patterns and Possible Explanations," NBER Working Papers 11306, National Bureau of Economic Research, Inc.
- Zuliu F. Hu & Mohsin S. Khan, 1997.
"Why Is China Growing So Fast?,"
IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 103-131, March.
- Mr. Mohsin S. Khan & Zuliu Hu, 1996. "Why is China Growing so Fast?," IMF Working Papers 1996/075, International Monetary Fund.
- James Laurenceson & Joseph C.H. Chai, 2003. "Financial Reform and Economic Development in China," Books, Edward Elgar Publishing, number 2714.
- Ronald I. McKinnon, 2004.
"The East Asian exchange rate dilemma and the world dollar standard,"
Chapters, in: Suthiphand Chirathivat & Emil-Maria Claassen & Jürgen Schroeder (ed.), East Asia's Monetary Future, chapter 6,
Edward Elgar Publishing.
- Ronald I. McKinnon, 2002. "The East Asian Exchange Rate Dilemma and the World Dollar Standard," Money Affairs, CEMLA, vol. 0(2), pages 119-149, July-Dece.
- Frankel, Jeffrey, 2004.
"On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adustment under a Flexible Rate,"
Working Paper Series
rwp04-037, Harvard University, John F. Kennedy School of Government.
- Jeffrey Frankel, 2005. "On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate," NBER Working Papers 11274, National Bureau of Economic Research, Inc.
- Mr. Eswar S Prasad & Mr. Qing Wang & Mr. Thomas Rumbaugh, 2005. "Putting the Cart Before the Horse? Capital Account Liberalization and Exchange Rate Flexibility in China," IMF Policy Discussion Papers 2005/001, International Monetary Fund.
- International Monetary Fund, 1998. "Fixed or Flexible; Getting the Exchange Rate Right in the 1990s," IMF Economic Issues 1998/003, International Monetary Fund.
- Mr. Jahangir Aziz & Mr. Francesco Caramazza, 1998. "Fixed or Flexible? Getting the Exchange Rate Right in the 1990s," IMF Economic Issues 1998/002, International Monetary Fund.
- Jeffrey Frankel, 2005. "On the renminbi," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(03), pages 16-21, October.
- Jahangir Aziz & Francesco Caramazza, 1998. "Fixed or Flexible? Getting the Exchange Rate Right in the 1990s," IMF Economic Issues 13, International Monetary Fund.
- International Monetary Fund, 1997. "Why is China Growing So Fast?," IMF Economic Issues 1997/005, International Monetary Fund.
- Ronald McKinnon & Gunther Schnabl, 2003.
"Synchronised Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate,"
The World Economy, Wiley Blackwell, vol. 26(8), pages 1067-1088, August.
- Ronald McKinnon & Gunther Schnabl, 2003. "Synchronized Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate," Working Papers 022003, Hong Kong Institute for Monetary Research.
- Dwight H. Perkins, 1994. "Completing China's Move to the Market," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 23-46, Spring.
- McKinnon, Ronald I., 2004. "The East Asian dollar standard," China Economic Review, Elsevier, vol. 15(3), pages 325-330.
- Mundell, Robert, 2003. "Prospects for an Asian currency area," Journal of Asian Economics, Elsevier, vol. 14(1), pages 1-10, February.
- Ben S. Bernanke, 2005. "Monetary Policy in a World of Mobile Capital," Cato Journal, Cato Journal, Cato Institute, vol. 25(1), pages 1-12, Winter.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Olivier Darné & Jean-François Hoarau, 2006.
"Testing the purchasing power parity in China,"
Working Papers
hal-04138871, HAL.
- Olivier Darné & Jean-François Hoarau, 2006. "Testing the purchasing power parity in China," EconomiX Working Papers 2006-18, University of Paris Nanterre, EconomiX.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Laurenceson, J. & Qin, F., 2005. "China's Exchange Rate Policy : The Case Against Abandoning the Dollar PEG," Discussion Paper 2005-70, Tilburg University, Center for Economic Research.
- James Laurenceson, "undated". "China�s exchange rate policy: the case against abandoning the dollar peg," EAERG Discussion Paper Series 0105, School of Economics, University of Queensland, Australia.
- Cheng, Wenli & Zhang, Dingsheng, 2012. "A monetary model of China–US trade relations," Economic Modelling, Elsevier, vol. 29(2), pages 233-238.
- Piersanti, Giovanni, 2012. "The Macroeconomic Theory of Exchange Rate Crises," OUP Catalogue, Oxford University Press, number 9780199653126.
- Giancarlo Marini & Giovanni Piersanti, 2012. "Models of Speculative Attacks and Crashes in International Capital Markets," CEIS Research Paper 245, Tor Vergata University, CEIS, revised 24 Jul 2012.
- James Laurenceson & Kam Ki Tang, "undated". "China�s Equilibrium Exchange Rate and Trade Balance: A Tale of Apples and Pirates," EAERG Discussion Paper Series 0805, School of Economics, University of Queensland, Australia.
- Maurice Obstfeld, 2007.
"The Renminbi's Dollar Peg at the Crossroads,"
Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(S1), pages 29-56, December.
- Obstfeld, Maurice, 2006. "The Renminbi's Dollar Peg at the Crossroads," CEPR Discussion Papers 5771, C.E.P.R. Discussion Papers.
- Maurice Obstfeld, 2007. "The Renminbi's Dollar Peg at the Crossroads," IMES Discussion Paper Series 07-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
- Obstfeld, Maurice, 2006. "The Renminbi’s Dollar Peg at the Crossroads," Center for International and Development Economics Research, Working Paper Series qt7tw4142j, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Kim, Bong-Han & Kim, Hyeongwoo & Min, Hong-Ghi, 2013.
"Reassessing the link between the Japanese yen and emerging Asian currencies,"
Journal of International Money and Finance, Elsevier, vol. 33(C), pages 306-326.
- Bong-Han Kim & Hyeongwoo Kim & Hong-Ghi Min, 2011. "Reassessing the Link between the Japanese Yen and Emerging Asian Currencies," Auburn Economics Working Paper Series auwp2011-05, Department of Economics, Auburn University.
- Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2006.
"The Renminbi Equilibrium Exchange Rate: an agnostic view,"
SciencePo Working papers Main
hal-01073825, HAL.
- Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2007. "The Renminbi Equilibrium Exchange Rate: an Agnostic View," SciencePo Working papers Main hal-01071844, HAL.
- Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2006. "The renminbi equilibrium exchange rate: an agnostic view," Documents de Travail de l'OFCE 2006-13, Observatoire Francais des Conjonctures Economiques (OFCE).
- Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2006. "The Renminbi Equilibrium Exchange Rate: an agnostic view," Working Papers hal-01073825, HAL.
- Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2007. "The Renminbi Equilibrium Exchange Rate: an Agnostic View," Post-Print hal-01071844, HAL.
- Sana Mestiri & Henri Sterdyniak & Antoine Bouveret, 2008. "The Renminbi Equilibrium Exchange Rate: An Agnostic View," SciencePo Working papers Main hal-03416546, HAL.
- Sana Mestiri & Henri Sterdyniak & Antoine Bouveret, 2008. "The Renminbi Equilibrium Exchange Rate: An Agnostic View," Post-Print hal-03416546, HAL.
- Ronald McKinnon & Gunther Schnabl, 2004.
"The Return to Soft Dollar Pegging in East Asia: Mitigating Conflicted Virtue,"
International Finance, Wiley Blackwell, vol. 7(2), pages 169-201, July.
- Ronald McKinnon & Gunther Schnabl, 2004. "The Return to Soft Dollar Pegging in East Asia. Mitigating Conflicted Virtue," International Finance 0406007, University Library of Munich, Germany, revised 07 Jul 2004.
- Xu, Yingfeng, 2008. "Lessons from Taiwan's experience of currency appreciation," China Economic Review, Elsevier, vol. 19(1), pages 53-65, March.
- Maria Socorro Gochoco-Bautista & Raul V. Fabella, 2006. "What Type of Monetary and Exchange Rate Cooperation do China’s Asian Neighbors Want from China?," UP School of Economics Discussion Papers 200604, University of the Philippines School of Economics.
- Flávio Vilela Vieira & Michele Polline Veríssimo, 2005. "Crescimento Econômico De Longo Prazo Na China: Uma Investigação Econométrica," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 067, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Yin-Wong Cheung & Menzie D. Chinn & Eiji Fujii, 2009.
"The Illusion of Precision and the Role of the Renminbi in Regional Integration,"
Chapters, in: Koichi Hamada & Beate Reszat & Ulrich Volz (ed.), Towards Monetary and Financial Integration in East Asia, chapter 13,
Edward Elgar Publishing.
- Yin-wong Cheung & Menzie D. Chinn & Eiji Fujii, 2006. "The Illusion of Precision and the Role of the Renminbi in Regional Integration," Working Papers 182006, Hong Kong Institute for Monetary Research.
- Gunther Schnabl & Kristina Spantig, 2016. "(De)Stabilizing Exchange Rate Strategies In East Asian Monetary And Economic Integration," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-24, June.
- Frankel, Jeffrey, 2010. "Monetary Policy in Emerging Markets," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 25, pages 1439-1520, Elsevier.
- Kim, Bong-Han & Min, Hong-Ghi & McDonald, Judy & Hwang, Young-Soon, 2012. "Yen-synchronization of floating East Asian currencies: A regime-switching regression model and micro-structural analysis," Journal of the Japanese and International Economies, Elsevier, vol. 26(2), pages 221-232.
- Ethan Ilzetzki & Carmen M Reinhart & Kenneth S Rogoff, 2019.
"Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(2), pages 599-646.
- Ilzetzki, Ethan & Reinhart, Carmen & Rogoff, Kenneth, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," CEPR Discussion Papers 11826, C.E.P.R. Discussion Papers.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," Working Paper 503441, Harvard University OpenScholar.
- Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," NBER Working Papers 23134, National Bureau of Economic Research, Inc.
- Michael Funke & Marc Gronwald, 2008.
"The Undisclosed Renminbi Basket: Are the Markets Telling Us Something about Where the Renminbi–US Dollar Exchange Rate is Going?,"
The World Economy, Wiley Blackwell, vol. 31(12), pages 1581-1598, December.
- Funke, Michael & Gronwald, Marc, 2007. "The undisclosed renminbi basket: are the markets telling us something about where the renminbi - US dollar exchange rate is going?," BOFIT Discussion Papers 20/2007, Bank of Finland Institute for Emerging Economies (BOFIT).
- Michael Funke & Marc Gronwald, 2008. "The Undisclosed Renminbi Basket: Are the Markets Telling us something about where the Renminbi – US Dollar Exchange Rate is Going?," CESifo Working Paper Series 2272, CESifo.
- Marc Gronwald & Michael Funke, 2008. "The undisclosed Renminbi Basket: are the markets telling us something about where the Renminbi - US Dollar Exchange Rate is going?," Quantitative Macroeconomics Working Papers 20804, Hamburg University, Department of Economics.
- Michael Funke & Marc Gronwald, 2008. "The undisclosed Renminbi Basket: are the markets telling us something about where the Renminbi - US Dollar Exchange Rate is going?," Quantitative Macroeconomics Working Papers 20812b, Hamburg University, Department of Economics.
- Jose Miguel Albala-Bertrand, 2013. "Evolution of Structural Indicators. China and Regions: 1981-2010," Working Papers 701, Queen Mary University of London, School of Economics and Finance.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiutis:ef2e48fd-d699-44e8-afb3-2051794d61b8. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: https://www.tilburguniversity.edu/about/schools/economics-and-management/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.