Adjusting China's exchange rate

Essay specific features

 

Issue:

History

 

Written by:

David W

 

Date added:

December 1, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 705

 

Was viewed:

8025 times

 

Rating of current essay:

 
Essay content:

True, Japan also has been engaging in largescale, protracted, one-way exchange market intervention to keep its currency (the yen) from rising; indeed, Japan's intervention in the first quarter of 2004 was just about as large as China's intervention for all of last year. And yes, in emerging Asia where public criticism of China's exchange rate policies has been milder than elsewhere, concerns would be lower if some of these countries had a clearer picture of how to respond to the broader competitive challenge raised not only by China's low labor costs but also by the skill upgrading of China's exports...
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True, Japan also has been engaging in largescale, protracted, one-way exchange market intervention to keep its currency (the yen) from rising; indeed, Japan's intervention in the first quarter of 2004 was just about as large as China's intervention for all of last year. And yes, in emerging Asia where public criticism of China's exchange rate policies has been milder than elsewhere, concerns would be lower if some of these countries had a clearer picture of how to respond to the broader competitive challenge raised not only by China's low labor costs but also by the skill upgrading of China's exports...
displayed 300 characters

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