how would you advise the authorities to move the Yuan Reniminbi exchange rate?
apa format with in text citations
You are an economic advisor to the government of China in 2008. The country has a current account surplus and is facing gathering inflationary pressures. The current account surplus is large, in excess of 9% of GDP. Additionally, China currently provides a rather low level of government services to its people. China’s government would like to attract workers from the rural countryside into manufacturing employment and would prefer to soften any negative impact of their policy package on urban employment.
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Using this information, how would you advise the authorities to move the Yuan Reniminbi exchange rate? What would be your advice on fiscal policy? Use this week’s lecture and assigned reading to inform your post.
Articles
- Carrieri, F., Chaieb, I., & Errunza, V. (2013). Do implicit barriers matter for globalization? Review of Financial Studies, 26(7), 1694-1739. doi:10.1093/rfs/hht003
- The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library. This article examines the impact of implicit barriers on emerging and developed markets. It will be useful for completing the discussions this week.
- Lowenfeld, A. F. (2010). The international monetary system: A look back over seven decades. Journal of International Economic Law, 13(3), 575-595. doi:10.1093/jiel/jgq023
- The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library. This article examines the history and development of the International Monetary Fund. It will be helpful in completing the discussions this week.
- Rajan, R. G. (2008). The future of the IMF and the World Bank. American Economic Review, 98(2), 110-115. doi:10.1257/aer.98.2.110
- The full-text version of this article can be accessed through the EBSCOhost database in the Ashford University Library. This article discusses the importance of the International Monetary Fund and the World Bank. It will be helpful in completing the discussions this week.
