Renminbi Revaluation: Lessons and Experiences
 |
|
Translated
versions |
|
PDF 31KB
9 pages |
|
Renminbi revaluation is a hot topic among policymakers and economists as well as market participants inside and outside the People's Republic of China (PRC).
This Policy Brief takes a fresh look at the story behind the soaring Japanese yen from the early 1970s to the late 1980s. It examines what can be learnt drawn from those experiences. Major lessons include the
- assessment of impact on the macro economy, in particular on inflationary pressure,
- traditional question of policy trilemma in the PRC context,
- relationship between external disequilibrium and exchange rate adjustment,
- different impacts on different groups, and
- medium- to long-term impact on economic structure.
|
The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
|
Download this Paper/Presentation [ PDF 275.9KB | 25 pages ].
Post a Comment | We welcome your feedback on this publication. Post a comment. ADBI is not obliged to acknowledge or publish comments and may abridge or edit them before web posting. |
Comment(s)
There are [0] comment(s) for this entry. Post a comment.
|
About ADBINews & EventsSpecial ProgramsPartnerships
Publications
Back to Top
