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Living with Global Imbalances: A Contrarian View [PDF]

open access: yes
Three propositions have become conventional wisdom in Washington and elsewhere: Americans save too little. The US current account deficit is thus unsustainably large.
Richard N. Cooper
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China currency dispute: is a rise in the yuan inevitable, necessary or desirable? [PDF]

open access: yes
China-bashing has become a popular media and political sport. This is largely due to the U.S. trade imbalance and the belief, by some, that China is responsible for it because it manipulates its currency to hold down the dollar prices of its goods ...
Tatom, John
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Appreciating The Renminbi [PDF]

open access: yes
International pressure to revalue China’s currency stems in part from the expectation that rapid economic growth should be associated with an underlying real exchange rate appreciation.
Rod Tyers, Ying Zhang
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Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States [PDF]

open access: yes
Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus.
McKinnon, Ronald
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