Overview

In July 2010, the US Treasury finally released its delayed currency report, which said that China's currency is undervalued, but stopped short of claiming that China is manipulating its exchange rate. This book was first published in ebook form on VoxEU to coincide with the original April 2010 deadline for the Treasury report. At that time commentators such as Paul Krugman, as well as members of Congress, were arguing the case for getting toughA with China over its exchange rate manipulation. The release of the Treasury report in July appeared to bring a measure of calm to the debate, but this was shortlived and the controversy has erupted again this month. The 28 short essays in this book provide the best available economic, legal, political, and geopolitical thinking on the causes and likely consequences of the dispute.

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9781907142161

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Simon J. Evenett is Professor of International Trade and Economic Development at the University of St. Gallen, Switzerland, and Co-Director of the CEPR Programme in International Trade and Regional Economics. Evenett taught previously at Oxford and Rutgers University, and served twice as a World Bank official. He was a non-resident Senior Fellow of the Brookings Institution in Washington. He is Member of the High Level Group on Globalisation established by the French Trade Minister Christine LaGarde, Member of the Warwick Commission on the Future of the Multilateral Trading System After Doha, and was Member of the the Zedillo Committee on the Global Trade and Financial Architecture. In addition to his research into the determinants of international commercial flows, he is particularly interested in the relationships between international trade policy, national competition law and policy, and economic development. He obtained his Ph.D. in Economics from Yale University.

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