Research Catalog

Title

Debating China's exchange rate policy / Morris Goldstein, Nicholas R. Lardy, editors.

Publication

Washington, DC : Peterson Institute for International Economics, 2008.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Goldstein, Morris, 1944-
• Lardy, Nicholas R.

Description

xi, 388 pages : illustrations; 23 cm

Summary

"This new book, based on an Institute conference in October 2007, takes stock of exchange rate policy in China and identifies the major policy options going forward. Specific proposals presented in the volume address how best to eliminate any misalignment of the renminbi; how best to reduce pressures emanating from the sterilization of large reserve accumulation; how best to make capital flows the ally - not the enemy - of exchange rate policy; and what institutional arrangements and policy guidelines to put in place to reap the greatest benefits from management of China's large foreign exchange reserves."--BOOK JACKET.

Subject

• Foreign exchange rates > China > Congresses
• Foreign exchange > Government policy > China > Congresses
• Currency question > China > Congresses
• Monetary policy > China > Congresses

Note

• Proceedings of a conference.

Bibliography (note)

• Includes bibliographical references and index.

Contents

1. China's Exchange Rate Policy: An Overview of Some Key Issues / Morris Goldstein and Nicholas R. Lardy -- China's Industrial Investment Boom and the Renminbi / Jonathan Anderson -- Renminbi Revaluation and US Dollar Depreciation / Fan Gang -- 2. Monetary Policy Independence, the Currency Regime, and the Capital Account in China / Eswar S. Prasad -- Some Bubbles in the Discussion of the Chinese Exchange Rate Policy / Shang-Jin Wei -- The Open Economy Trilemma: An Alternative View from China's Perspective / Jin Zhongxia -- 3. Rebalancing China's Growth / Bert Hofman and Louis Kuijs -- Approaches to Rebalancing China's Growth / Kenneth Rogoff -- Domestic Imbalances and Data Ambiguities / Barry Bosworth -- 4. Estimates of the Equilibrium Exchange Rate of the Renminbi: Is There a Consensus and If Not, Why Not? / William R. Cline and John Williamson -- Equilibrium Exchange Rate of the Renminbi / Jeffrey A. Frankel -- Toward a Balanced Approach / Simon Johnson -- 5. The Management of China's International Reserves: China and a Sovereign Wealth Fund Scoreboard / Edwin M. Truman -- Toward a Better Understanding of Sovereign Wealth Funds / Mohamed A. El-Erian -- Impact of China Investment Corporation on the Management of China's Foreign Assets / Brad Setser -- 6. The US Congress and the Chinese Renminbi / Gary Clyde Hufbauer and Claire Brunel -- The Politics of Trade Frictions / Stephen S. Roach -- 7. Influence of the Renminbi on Exchange Rate Policies of Other Asian Currencies / Takatoshi Ito -- The Regional Currency Unit and Exchange Rate Policy Cooperation in East Asia / Yung Chul Park -- The End of Europe's Long-Standing Indifference to the Renminbi / Jean Pisani-Ferry -- 8. IMF Surveillance over China's Exchange Rate Policy / Michael Mussa -- The IMF's Approach to Surveillance / Steven Dunaway -- 9. Commentary / Andrew Crockett, Fan Gang, C. Fred Bergsten and Lawrence H. Summers -- Keynote Address: China's Exchange Rate Policy and Economic Restructuring / Wu Xiaoling -- About the Contributors -- Index.

ISBN

• 9780881324150 (alk. paper)
• 0881324159 (alk. paper)

LCCN

2008006541

OCLC

• ocn191727417
• 191727417
• SCSB-9059879

Owning Institutions

Columbia University Libraries