The Illusion of Precision and the Role of the Renminbi in Regional Interaction
Chinn, Menzie D.
, Eiji Fujii
MetadataShow full item record
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.