Sunday February 12, 2012

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Save to My Portfolio@ Brookings Podcast: China’s Currency Policy

Kenneth G. Lieberthal, October 14, 2011

@ Brookings Podcast: China’s Currency Policy

Because China maintains its refusal to allow its currency to fluctuate with the market, some members of Congress are pushing for passage of a currency bill that could level the playing field for global trade. Kenneth Lieberthal examines the issue.

RESEARCH AND COMMENTARY

Save to My PortfolioThe Renminbi: The Political Economy of a Currency

Arthur R. Kroeber, September 07, 2011, FP.Com Deep Dive

The Renminbi: The Political Economy of a CurrencyThe United States and other countries have complained that China keeps the value of its currency artificially low, boosting China’s exports and trade surplus at the expense of its global trading partners. Arthur Kroeber explains how the ongoing currency conflict is rooted in two very different views about the function of exchange rates. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioChina's Currency Policy Explained

Arthur R. Kroeber, September 07, 2011, The Brookings Institution

China's Currency Policy ExplainedArthur Kroeber describes China's monetary policy around the renminbi (RMB), as China maintains its refusal to allow the RMB's value to fluctuate with the market, and examines the impact this refusal has on China's relationship with the United States. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe U.S.-China Strategic and Economic Dialogue: A Preview of Key Economic Issues

Eswar Prasad, May 06, 2011, The Brookings Institution

The U.S.-China Strategic and Economic Dialogue: A Preview of Key Economic IssuesTop U.S. officials will meet with representatives from China amid continued tensions over debt, trade and China's currency policy. While re-building the relationship between these two countries is no easy task, both the United States and China recognize that collaboration is in their mutual long-term interest. Eswar Prasad previews this dialogue as well as pending economic issues that will most likely top the agenda. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCurbing Success in Latin America

Mauricio Cárdenas and Eduardo Levy-Yeyati, April 14, 2011, The Brookings Institution

Curbing Success in Latin AmericaWhile Latin America’s economy continues to thrive, Central America and the Caribbean are still struggling from the 2008 economic crisis. However, many worry that Latin America’s success has come at a high cost. Mauricio Cárdenas and Eduardo Levy-Yeyati write that high commodity export prices or volumes in one sector are at the expense of other sectors. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioU.S. Politics after Seoul: The Reality of International Cooperation

Paolo Guerrieri and Domenico Lombardi, November 23, 2010, The Brookings Institution

Domenico Lombardi and Paolo Guerrieri analyze the outcomes of the Seoul G-20 Summit in the context of U.S. politics after the midterm elections. They argue that despite disappointing sentiments of the results of the G-20 meeting, the Obama administration has played an important role in making emerging economies, particularly China, responsible stakeholders in the international monetary system. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioThe G-20 Can Stop Currency War

Kemal Derviş, November 09, 2010, Financial Times

The G-20 Can Stop Currency WarAmid concerns over impending currency wars, which again flared after the U.S. Federal Reserve's recent "quantitative easing" action, questions continue to grow on how G-20 leaders will be able to solidify the Gyeongju agreement toward limits on current deficits and surpluses. Kemal Derviş argues that the agreement, if endorsed by the leaders, could be a significant step forward for international economic cooperation and the G-20. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioWhat Drives Reserve Accumulation (And At What Cost)?

Eduardo Levy-Yeyati, September 30, 2010, VoxEU.org

Eduardo Levy-Yeyati investigates the driving forces behind the accumulation of foreign exchange reserves by emerging and developing economies and finds that exchange-rate smoothing, rather than precautionary stockpiling, is the main driver. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioBashing Beijing Will Not Help Our Trade Deficit

Robert C. Pozen, August 20, 2010, The Wall Street Journal

Bashing Beijing Will Not Help Our Trade DeficitRobert Pozen notes that despite pressure from the U.S. on China to adopt a "flexible" exchange rate, the yuan has appreciated minimally against the dollar and the Chinese trade surplus continues to rise. Pozen says that instead of pushing harder for yuan appreciation, the U.S. should support higher wages and a stronger safety net for Chinese workers—measures that would help reduce the U.S. trade deficit. Read More

VIDEO

Save to My PortfolioChina's Yuan on the Global Stage

Kenneth G. Lieberthal, June 22, 2010

After much international pressure, China announced that it would allow for greater flexibility in its currency's exchange with the U.S. dollar. Kenneth Lieberthal places China’s recent decision in the context of the 2010 G-20 Summit.

RESEARCH AND COMMENTARY

Save to My PortfolioChina's Currency Announcement and the U.S. Congress

Kenneth G. Lieberthal, June 22, 2010, The Brookings Institution

Chinese one yuan coins on 100 yuan banknotes With the G-20 Summit set to begin in Toronto on June 26, China announced over the weekend that it would increase the flexibility of its exchange rate and allow its currency to appreciate. In this video, Kenneth Lieberthal discusses China’s move and how the U.S. Congress has responded to the issue. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioRebalancing the U.S. Economy in a Post-Crisis World

Barry P. Bosworth and Susan M. Collins, May 11, 2010, The Brookings Institution

Rebalancing the U.S. Economy in a Post-Crisis WorldBarry Bosworth and Susan Collins explore how the external balance of the United States might evolve in future years as the economy emerges from the recession. They examine the issue both from the domestic perspective of the saving and investment balance and from the external side in terms of the basic determinants of exports and imports and the role of the real exchange rate. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioAlternatives to Revaluating the Yuan

, March 25, 2010, China Daily

Chinese one yuan coins on 100 yuan banknotes Geng Xiao addresses the different views between China and the United States on trade imbalance and currency revaluation and explains why a stable yuan-dollar exchange rate is in the long-term interests of both countries. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioCurrency Conversion during Korean Unification

Yeongseop Rhee, January 06, 2009, The Brookings Institution

Currency Conversion during Korean UnificationAs rumors about Kim Jong-il’s health focus attention on the future of the Korean peninsula, CNAPS Nonresident Fellow Yeongseop Rhee examines issues in South-North monetary integration, a vital aspect of unification. The success – or failure – of monetary integration will have major effects on the peninsular economy, the standard of living in the North, and the South’s appetite for unification. Read More

RESEARCH AND COMMENTARY

Save to My PortfolioLame Duck Meets Hobbled Panda: The China-U.S. Strategic Economic Dialogue

Eswar Prasad, December 04, 2008, The Brookings Institution

Lame Duck Meets Hobbled Panda: The China-U.S. Strategic Economic DialogueAs the U.S. and China gather in Beijing for their twice yearly Strategic Economic Dialogue meetings, Eswar Prasad examines the U.S.-China economic relationship, key issues and the potential future of the economic dialogue that was created by Secretary Paulson. Read More

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