1. Free Floating RMB.
- Author
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Bosco, Joseph
- Subjects
- *
DEVALUATION of currency , *CURRENCY revaluation , *RENMINBI , *NATIONAL currencies , *CURRENCY question , *MONETARY policy , *ECONOMICS , *FINANCE - Abstract
Highlights economists' speculation about the impact of a revalued Chinese yuan. Pressure on China to revalue the yuan from its fixed peg to the U.S. dollar; Demand of the finance ministers of the Group of Seven leading industrialized countries that take vigorous action to address global imbalances; U.S. government's call for a free-floating yuan and its potential downside for the U.S. as China's largest export market.
- Published
- 2005