Readings in Renminbi (RMB) Misalignment
Course Materials and Sources of Economic Information for Public Affairs 854, Spring 2011.
Basic Readings
- Eswar Prasad, "The U.S.-China Economic Relationship: Shifts and Twists in the Balance of Power," testimony to US China Commission, Feb. 25, 2010.
- Econbrowser posts on China
- "Economics Focus: Learning to Like Inflation," Economist (February 17, 2011)
- Richard Baldwin (editor), The US-Sino Currency Dispute (VoxEU/CEPR, April 2010)
- “Economics Focus: Burger-thy-neighbour policies - Attacks on China's Cheap Currencies Are Overdone,” Economist, February 5, 2009.
- "Revaluation by Stealth," Economist (January 10, 2008).
- "Special Report: China and US Trade: Lost in Translation," Economist, May 17, 2007.
- "Chinese Exchange Rate: Yuan Step from the Edge," Economist (March 30, 2006).
US Government Statements and Reports
- US Treasury Department, Report to Congress on International Economic and Exchange Rate Policies (February 2011).
- Remarks by Fed Chairman Ben Bernanke, "The Chinese economy: progress and challenges," speech at the Chinese Academy of Social Sciences, Beijing, China, December 15, 2006
(Dec. 15, 2006).
- CRS, "China-US Trade Issues" RL33536 (January 7, 2011).
- CRS, "China’s Currency: An Analysis of the Economic Issues" RS21625 (October 2010).
Additional Readings
Technical/Academic Studies
- Conference on China's Evolving Role in the Global Economy (July 2010).
- Kappler, et al., "The Macroeconomic Effects of Large Exchange Rate Appreciations," OECD Development Center Working Paper (March 2011).
- Eichengreen and Rose, “27 Up: The Implications for China of Abandoning its Dollar Peg,” UC-Berkeley mimeo (June 2010).
- China Economic Quarterly.
- Shaghil Ahmed, "Are Chinese Exports Sensitive to Changes in the Exchange Rate?," International Finance and Discussion Paper (2010).
- Cheung, Chinn and Fujii, "China’s Current Account and Exchange Rate," in Rob Feenstra and Shang-Jin Wei (eds.),China’s Growing Role in World Trade (Chicago, forthcoming).
- NBER Conference on China's Growing Role in World Trade (August 2007)
- IMF Conference on Global Implications of China's Trade, Investment and Growth (April 2007).
- Aziz, Jahangir and Xiangming Li, "China's Changing Trade Elasticities," IMF WP 07/266.
- Jeffrey Frankel, "On the Renminbi: The choice between adjustment under a fixed exchange rate and adjustment under a flexible rate," NBER WP 11274.
- Barry Eichengreen, "China's Exchange Rate Regime: The Long and Short of It", Revision of a paper for Columbia University's conference on Chinese money and finance held in New York on February 2-3, 2006.
- Xiangming Li and Steven Vincent Dunaway, "Estimating China's "Equilibrium" Real Exchange Rate,"
IMF Working Paper 05-202 (Oct. 2005).
- Alan Ahearne, John Fernald, Prakash Loungani, John Schindler, "Flying Geese or Sitting Ducks: China’s Impact on the Trading Fortunes of other Asian Economies,"
Federal Reserve Board IFDP 2006-887 (Dec. 2006) .
- Jaime Marquez and John Schindler, "Exchange-Rate Effects on China’s Trade: An Interim Report,"
Federal Reserve Board IFDP 2006-861 (May 2006) .
- Dunaway, Steven, Lamin Leigh, Xiangming Li, "How Robust are Estimates of Equilibrium Real Exchange Rates: The Case of China,"
IMF Working Paper No. 06/220 (Oct. 2006) .
- Willem Thorbecke, "How Would an Appreciation of the Renminbi Affect the U.S. Trade Deficit with China?"
Berkeley Electronic Journal in Macroeconomics Vol. 6 (2006) .
Links
News Sources
Current and Historical Data
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RMB/Yuan Misalignment Readings / UW Madison / mchinn@lafollette.wisc.edu / 12 March 2011
