Resource title

China's exchange rate impasse and the weak U.S. dollar

Resource image

image for OpenScout resource :: China's exchange rate impasse and the weak U.S. dollar

Resource description

Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one-way bet has led to a loss of domestic monetary control. Combined with a more general flight from the U.S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity priceswith excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s.

Resource author

Ronald McKinnon, Gunther Schnabl

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26431

Resource license

Adapt according to the presented license agreement and reference the original author.