Arbeitspapier
China's exchange rate impasse and the weak U.S. dollar
Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one-way bet has led to a loss of domestic monetary control. Combined with a more general flight from the U.S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity priceswith excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 2386
- Classification
-
Wirtschaft
Price Level; Inflation; Deflation
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Foreign Exchange
- Subject
-
Inflation
exchange rates
macro policies
current account imbalances
Wechselkurs
Aufwertung
Leistungsbilanz
Zahlungsbilanzungleichgewicht
Inflation
Geldpolitik
China
USA
Welt
- Event
-
Geistige Schöpfung
- (who)
-
McKinnon, Ronald
Schnabl, Gunther
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- McKinnon, Ronald
- Schnabl, Gunther
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2008
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Exchange rate volatility and growth in emerging Europe and East Asia
De jure versus de facto Exchange Rate Stabilization in Central and Eastern Europe
Exchange rate volatility and growth in small open economies at the EMU periphery
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China and its Dollar exchange rate: A worldwide stabilizing influence?
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s
The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
Weak economy and strong currency: The origins of the strong yen in the 1990's
International Capital Markets and Informal Dollar Standards in the CIS and East Asia
The role of the chinese dollar peg for macroeconomic stability in China and the world economy
Exchange rate volatility and growth in emerging Europe and East Asia
De jure versus de facto Exchange Rate Stabilization in Central and Eastern Europe