Currency Disputes

From Reuters: Brazil's Finance Minister Guido Mantega will propose at the Group of 20 nations meeting next month that the International Monetary Fund create an index measuring currency manipulation, local media reported on Thursday. The idea is to identify who is keeping their currency artificially low to boost

He seems to take the same "aim and effect" (as Julia referred to it) approach to the issue that I do: In various comments and other places I keep seeing people compare European complaints about the weak dollar to American complaints about the undervalued renminbi. It’s a

I've thought a bit more about the previous post where I suggested that not all measures affecting currencies should lead to fears of a "currency war".  I'm not much of an expert in this area, and I'm happy to have someone explain

What will the impact be if the china currency bill passed by the House eventually becomes law?  Scott Lincicome explains: Assuming the bill becomes law as written, a large spike in CVD petitions against China is highly unlikely in the near term.  Instead, only a small number of “test case”

Reuters reports: The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday ... OK, so Congress is definitely going to act now, right? "This report is as disappointing as it is unsurprising," U.S. Senator Charles Schumer , a Democrat, declared. "It'

As many people have probably heard already, China said over the weekend that it would allow some "flexibility" in the yuan's value.  Some key passages from the central bank's  announcement: In view of the recent economic situation and financial market developments at home and

From Juscelino Colares, Global Imbalances and Liquidity-Induced Bubbles: The Need for International Monetary Reform, posted on SSRN. Here's the abstract: Economic analyses vary with respect to the extent to which deregulation contributed to the financial crisis of 2008-2009, but coalesce on one major cause: excessive leverage and risk-taking.

As mentioned here, a number of experts recently weighed in on the consistency of China's currency policy with WTO rules.  Here are some highlights: Staiger / Sykes GATT XV:4/SCM ... we question whether China’s trading partners can readily make a convincing case that China has violated its

VoxEU has a new e-book entitled The US-Sino Currency Dispute: New Insights from Economics, Politics, and Law.  Here's the abstract: Thanks to deft diplomatic footwork, a US-China confrontation over the renminbi has been avoided. But the US Treasury has merely postponed the publication of its report on foreign

Assuming we are on our way to a resolution of the China currency dispute, what caused the situation to improve so rapidly, when not long ago the rhetoric was getting quite heated?  Dan Drezner sets out some possibilities, along with his view: If China's shift is a real