Description
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.
