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Guest post: Rmb flexibility, not price, should be the west’s concern
By Eswar Prasad of the Brookings Institution The political pressure for China to allow for more currency appreciation remains strong even as the economic pressure on China’s currency to appreciate in...
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Guest post: downside of Rmb flexibility
By Eswar Prasad and Karim Foda of the Brookings Institution The renminbi has become more flexible but, in light of global financial market turmoil and concerns about China’s growth, the notion that the...
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Guest post: the new renminbi landscape
By Eswar Prasad and Karim Foda The renminbi is in the spotlight again. The US Presidential election campaign features both candidates vowing to be tough on China, with Mitt Romney promising to “call...
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