Money talks : revaluing China's currency
Document Type
Journal article
Source Publication
Georgetown Journal of International Affairs
Publication Date
Winter 1-1-2006
Volume
7
Issue
1
First Page
59
Last Page
64
Abstract
On Jul 21, 2005, Beijing made its biggest monetary shift in more than a decade by revaluing the Chinese currency, the yuan: it reset the fixed value of its currency and dropped the fixed exchange rate, or peg, with the US dollar. While the United States, Japan, and the European Union have pressured China to institute further revelations, Beijing has been reluctant to make more changes due to concerns that a currency appreciation would lead to slower export growth, higher unemployment, and a decline in foreign direct investment. Sharma explores the future of US-Asian trade imbalances by examining how China's central bank has managed the yuan exchange rate in the past.
Print ISSN
15260054
Publisher Statement
Copyright © Edmund A. Walsh School of Foreign Service 2006
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Sharma, S. D. (2006). Money talks: Revaluing China's currency. Georgetown Journal of International Affairs, 7(1), 59-64.