Currency Disputes

So the G-20 couldn't deal with the Chinese currency issue.  Does that mean Congress will take some action?  From The Hill: Sen. Lindsey Graham (R-S.C.) predicted Sunday that Congress would pick up Chinese currency manipulation after President Obama was rebuffed on the issue at the

Well, one conservative view, anyway.  There is no doubt a wide variation in views.  But here's National Review deputy managing editor Kevin Williamson (taking a view that seems similar to economist Don Boudreaux's): It is undeniable that Beijing plays games with China’s currency in order

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

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