his.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The Renminbi Challenge: Is a Revaluation of the Chinese Currency a Wise Step Forward?
University of Skövde, School of Technology and Society.
2007 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The aim of this paper is to investigate if a revaluation of the Chinese renminbi is in China’s interest and whether or not a renminbi revaluation can contribute to correct the US current account deficit. For that purpose, advantages and disadvantages of a revaluation for China are discussed. Furthermore, the fundamental causes of the US current account deficit are analysed to evaluate to what extent a renminbi revaluation can correct this imbalance. The discussion is based on previous research in this area. The main result is that a revaluation of the Chinese renminbi is primarily beneficial for China. Additionally it is found that the fundamental causes of the US current account deficit are domestic macroeconomic conditions and not China’s exchange rate policy. Nevertheless, a renminbi revaluation can help to support to correct the imbalance situation. As evidence is found that a revaluation is beneficial for China, it is further analysed how the revaluation should be practically obtained. The basic result is that the renminbi revaluation should be initiated by more exchange rate flexibility rather than by a one-step appreciation.

Place, publisher, year, edition, pages
Skövde: Institutionen för teknik och samhälle , 2007. , 55 p.
Keyword [en]
Renminbi, revaluation, foreign exchange accumulation, US current account deficit, exchange rate flexibility
National Category
Economics
Identifiers
URN: urn:nbn:se:his:diva-121OAI: oai:DiVA.org:his-121DiVA: diva2:2340
Presentation
(English)
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2007-08-17 Created: 2007-08-17 Last updated: 2010-02-10

Open Access in DiVA

fulltext(255 kB)829 downloads
File information
File name FULLTEXT01.pdfFile size 255 kBChecksum MD5
73388f58c6906bf376acd400d6aff9daf8a00075032317d8b32b03e268eef8aa4d975315
Type fulltextMimetype application/pdf

By organisation
School of Technology and Society
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 829 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 741 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf