Econ Focus

Second Quarter 2013

Sizing Up Currency Manipulation

The Chinese government may be holding down its currency to increase exports. But it's not clear what — if anything — the United States should do about it

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Related Links

Bergsten, C. Fred, and Joseph E. Gagnon. "Currency Manipulation, the U.S. Economy, and the Global Economic Order." Peterson Institute for International Economics Policy Brief no. PB12-25, December 2012.

Bernanke, Ben S. "Monetary Policy and the Global Economy." Speech at the Department of Economics and STICERD (Suntory and Toyota International Centres for Economics and Related Disciplines) Public Discussion in Association with the Bank of England, London School of Economics, March 25, 2013.

Cheung, Yin-Wong. "Exchange Rate Misalignment — The Case of the Chinese Renminbi." CESifo Working Paper No. 3797, April 2012.

Eichengreen, Barry. "Currency War or International Policy Coordination?” Manuscript, January 2013.

Frankel, Jeffrey A., and Shang-Jin Wei. "Assessing China’s Exchange Rate Regime." Economic Policy, July 2007, vol. 22, no. 51, pp. 575-627. (Paper available online by subscription.)

Gagnon, Joseph E. "The Elephant Hiding in the Room: Currency Intervention and Trade Imbalances." Peterson Institute for International Economics Working Paper no. 13-2, March 2013.

Hufbauer, Gary Clyde, and Sean Lowry. "U.S. Tire Tariffs: Saving Few Jobs at High Cost." Peterson Institute for International Economics Policy Brief no. PB12-9, April 2012.

"Semiannual Report on International Economic and Exchange Rate Policies." U.S. Department of the Treasury.

Yang, Dennis Tao. "Aggregate Savings and External Imbalances in China." The Journal of Economic Perspectives, Fall 2012, vol. 26, no. 4, pp. 125-146.

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