The Illusion of Precision and the Role of the Renminbi in Regional Interaction
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Date
2006Author
Cheung, Yin-Wong
Chinn, Menzie D.
, Eiji Fujii
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Show full item recordAbstract
The Chinese renminbi might not be as
undervalued as many analysts claim. They find that the
currency might even be slightly overvalued, although
they concede that this is a small possibility. Changes
in China's currency value should be approached very
carefully, as abrupt policy changes may cause unintended
damage to China's difficult-to-manage economy.