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The Illusion of Precision and the Role of the Renminbi in Regional Interaction

Author(s): Cheung, Yin-Wong; Chinn, Menzie D.; , Eiji Fujii
Date: 2006
Series: La Follette School Working Papers
Abstract: The Chinese renminbi might not be as undervalued as many analysts claim. They find that the currency might even be slightly overvalued, although they concede that this is a small possibility. Changes in China's currency value should be approached very carefully, as abrupt policy changes may cause unintended damage to China's difficult-to-manage economy.
Permanent link: http://digital.library.wisc.edu/1793/36220
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