Euro and the Yuan: different peas in the same pod created by Surjit S Bhalla

By:

Bhalla, Surjit S [author]

Material type: Text

TextSeries: Comparative economic studies ; Volume 53, number 3Hampshire: Palgrave Macmillan, 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

08887233

Subject(s):

Growth undervaluation -- Real exchange rate -- Current account imbalances

LOC classification:

HB90 COM

Online resources:

Click here to access online

Abstract: This paper attempts to distill and integrate findings on the role that exchange rates, and their valuation, play in determining the fortunes and deficits of nations. It documents the symmetric effects of currency valuation on economic growth and imbalances in the current account. It is hypothesized that if a currency is undervalued, it helps economic growth to proceed faster than otherwise, and for current account surpluses to be larger than otherwise. Contrasting experiences of as diverse economies as China, Japan, and the Eurozone post the introduction of the Euro in 1998 are evaluated from the prism of currency undervaluation.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB90 COM (Browse shelf(Opens below))	Vol. 53, no. 3 (pages 355-382)	SP11433	Not for loan	For in house use

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This paper attempts to distill and integrate findings on the role that exchange rates, and their valuation, play in determining the fortunes and deficits of nations. It documents the symmetric effects of currency valuation on economic growth and imbalances in the current account. It is hypothesized that if a currency is undervalued, it helps economic growth to proceed faster than otherwise, and for current account surpluses to be larger than otherwise. Contrasting experiences of as diverse economies as China, Japan, and the Eurozone post the introduction of the Euro in 1998 are evaluated from the prism of currency undervaluation.

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