The Chinese Currency and Global Rebalancing: A Discussion
China: An International Journal
Perceived to be substantially undervalued, the Chinese currency, the yuan, has attracted much attention in recent years, especially since the recession of 2008-2009. To remedy the situation, a proposal put forward recently by C. Fred Bergsten is noteworthy, for its impressive boldness in calling for drastic US policy actions, and for the potentially far-reaching impacts on the global rebalancing and recovery it may bring about. The purpose of this article is twofold: to assess the underlying analytical validity of this proposal and to explore its implications for the US, China and the rebalancing and recovery of the world economy.
Ge, Wei. "The Chinese Currency and Global Rebalancing: A Discussion." China: An International Journal 11, no. 1 (2013) : 55-74.