China's currency : economic issues and background
Author(s)
Bibliographic Information
China's currency : economic issues and background
(China in the 21st century : economy, society and politics)(Global economic studies series)
Nova Science Publishers, c2011
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
Over the past several years, the Chinese government has maintained a policy of intervening in currency markets to limit or halt the appreciation of its currency, the renminbi (RMB) against other major currencies, especially the U.S. dollar. This policy appears to be largely intended to keep China's export industries competitive internationally and to attract foreign direct investment (FDI), which have been major factors behind China's rapid economic growth. This book provides an overview of the economic issues surrounding the current debate over China's currency policy and identifies the economic costs and benefits of China's currency policy for both China and the U.S.
Table of Contents
- Preface
- China's Currency: An Analysis of the Economic Issues
- Statement of Secretary of the Treasury, Timothy F. Geithner, before the House Committee on Ways & Means, Hearing on "China's Exchange Rate Policies"
- Statement of C. Fred Bergsten, Director, Peterson Institute for International Economics, before the House Committee on Ways & Means, Hearing on "China's Exchange Rate Policies"
- Statement of Niall Ferguson, Laurence A. Tisch Professor of History at Harvard University, William Ziegler Professor of Business Administration, Harvard Business School, before the House Committee on Ways & Means, Hearing on "The End of Chimerica: Amicable Divorce or Currency War?"
- Written Testimony of Dr. Philip Levy, Resident Scholar, American Enterprise Institute, Washington, D.C., before the House Committee on Ways & Means, Hearing on "U.S. Policy Options in Response to Chinese Currency Practices"
- Testimony of Clyde Prestowitz, President, Economic Strategy Institute
- China's Currency: Economic Issues & Options for U.S. Trade Policy
- China's "Hot Money" Problems
- Index.
by "Nielsen BookData"