The US-Sino Currency Dispute: New Insights from Economics, Politics and Law
Aggregate demand is in short supply in most parts of the globe. The Chinese policy of halting the rise of the renembi against the dollar in 2008 was thus perceived by some as a 1930s�s style beggar-thy-neighbour policy. Commentators such as Paul
Krugman as well members of Congress have argued that it is time to "get tough" with China over its exchange rate manipulation.In this Ebook, Simon Evenett, Co-Director of CEPR�s International Trade and Regional Economics Programme, has brought together some answers. The twenty eight chapters summarise the latest research on the behaviour of the renminbi and the role it has played in global imbalances, whether China�s exchange rate policy is consistent with WTO rules, and most important, the likely responses of China and its trading partners to the dispute over balances and exchange rate policies.