China’s Exchange Rate Policy, Its Current Account Surplus and the Global Imbalances
Bibliographic Data
| ID | 9704096 |
|---|---|
| Authors | W Max Corden (The University of Melbourne, corresponding author) |
| Year | 2009 |
| Volume | 119 |
| Issue | 541 |
| Pages | F430-F441 |
| Publication date | 2009-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2009.02319.x |
| OpenAlex | W2066512330 |
| Language | EN |
| Citations received | 7 |
| References cited | 8 |
This article is stimulated by current criticisms of Chinese exchange rate policy. The concern is really about China's current account surplus. The article discusses the factors that determine the surplus, and the reasons why the surplus increased sharply from 2005. The international implications of China's surplus and growth are discussed, and how it has affected the world real interest rate, and through that the US current account deficit. The surplus has had various international relative price effects, which have produced both gainers and losers. Finally, the surplus played only a small part in determining the world credit crisis. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
China · Current account · Economics · Exchange rate · Global Imbalances · International economics · Law and economics · Monetary economics · Political science · Fiscal Policy and Economic Growth · Global Financial Crisis and Policies · Global trade and economics · Law
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| Unique citing works | 7 |
|---|---|
| Citations per year | 0,44 |
| Citation span | 2010 - 2015 (6) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 7 |