Tag: RMB

Foreign Exchange Controls

Published on Author Mike

China catches flak for intervening in exchange markets. You should however think about the challenges faced by developing countries with small financial markets. A nice piece on that is on the Economist’s View blog, looking at Cyprus as the point of departure. Now that China is “large” in international markets the “hot money” argument is… Continue reading Foreign Exchange Controls →

Appreciating RMB

Published on Author Mike

William Granruth highlighted the issue with a post on the exchange rate from the WSJ. As followup read the following substantive analysis “The appreciating renminbi” from the VoxEU blog. What is the “real” value of the RMB (= how measure)? Is it (too) weak (= [excessive] trade surplus)? Not surprisingly, the WSJ looks only at… Continue reading Appreciating RMB →