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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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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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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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Estimates of Fundamental Equilibrium Exchange Rates, May 2011 [PDF]

open access: yes
This policy brief updates Cline and Williamson's estimates of fundamental equilibrium exchange rates (FEERs) to April 2011. Most currencies appear to have been reasonably close to their FEERs in April 2011. The most important exceptions are China, on the
John Williamson, William R. Cline
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