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Impact of Foreign Exchange Policies in Asia on the World Economy


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

Over the recent years, a prominent issue of global imbalances has centered upon increasingly large current account surpluses in emerging and developing Asia, corresponding to a huge deficit in the US. The US government and economists have accused China of keeping its currency undervalued as part of its export-led growth policy. Some also criticizes that other Asian countries tend to intervene in currency markets in order to keep their currencies weak against the dollar to stay competitive with Chinese goods. Thus, this book aims to investigate whether the Asian region, in particular China, can help global current account rebalancing through their exchange rate appreciation by using a global macroeconomic model, namely CAM, originated by Cripps and Godley (1978). From simulation results, real appreciation of Chinese yuan improves not only the US trade deficit, but also enhances trade balances for Japan and other Asian countries. Moreover, a reduction in China’s trade surplus due to the yuan appreciation would be amplified if there was an expansionary fiscal policy in China. In addition, joint appreciation among Asian countries is totally superior to their unilateral appreciation.

Product Specifications
SKU :COC74647
AuthorNuchit Pruektanakul
Number of Pages128
Publishing Year2014-10-31T00:00:00.000
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00