English, Article edition: The Devaluation of the Yuan: "A little impatience may ruin a great project" (Confucious) Stephane Dees; Francoise Lemoine

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/159800
Physical Description
  • article
Language
  • English

Edition details

Title
  • The Devaluation of the Yuan: "A little impatience may ruin a great project" (Confucious)
Author
  • Stephane Dees
  • Francoise Lemoine
Physical Description
  • article
Notes
  • China is one of the few Asian countries to have escaped financial turmoil. But the stability of the yuan against the dollar has caused it to rise vis-à-vis other Asian currencies, which is fuelling present fears about a devaluation of the Chinese currency. To be sure, maintaining the present parity will lead to a notable fall in China's foreign trade position in the long term. But there is no hurry to devalue. In 1998, China's foreign trade held up well despite the Asian crisis, due especially to assembly and subcontracting operations. Furthermore, a precipitous devaluation would almost certainly not have had the benefits expected of it, and would have carried with it important risks. An optimal strategy would be based, instead, on a gradual readjustment of the exchange rate, spread out over a year or two.
  • RePEc:cii:cepill:1999-178
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment