Currency Disputes

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

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

As everyone has probably heard by now, Treasury Secretary Geithner announced over the week-end that he would delay the decision on whether to label China a currency manipulator.  From the press release: I have decided to delay publication of the report to Congress on the international economic and exchange

I couldn't find video of the House Ways and Means hearing on China's exchange rate policy, but I did get my hands on a transcript.  Here are some interesting tidbits: What should the U.S. do about the China currency issue? BERGSTEN: You don't

He is skeptical that a WTO complaint under GATT Article XV would be useful.  From a WSJ op-ed: The second possibility is that the U.S. would—as the new Congressional proposals also contemplate—sue China in the WTO alleging that China's exchange actions are inconsistent with

From a recent Congressional Research Service (CRS) report by Jonathan Sanford on Currency Manipulation: The IMF and WTO, here is some brief analysis of WTO legal issues. SCM Agreement Articles 1-3: Whether currency disputes fall under the WTO’s jurisdiction is a debatable issue. The WTO rules specify that

It's going on right now, and it's fascinating.  There's so much being said that it's hard to summarize.  Not sure I'll be able to, at least not right now.  You can watch it here [ADDED: Now that it's

A few months ago, I tried to do a quick analysis of one aspect of GATT Article XV:4, in the context of a possible WTO claim related to China’s currency peg. The issue I raised was whether, when arguing that an “exchange action” “frustrates the intent” of GATT

I thought it might be interesting to gather up the various views that have been expressed on the China currency issue.  I have two key questions in mind: 1)  Is the Chinese currency peg at an (allegedly) undervalued rate bad for the U.S. economy/global economy? 2)  If it

I don't mean to overdo things with the China currency issue, but it's a hot topic and there's a lot to say about it.  So here's today's post, which is about an argument made by Arvind Subramanian in the FT: