PEN-L
mailing list archive
[ Other Periods
| Other mailing lists
| Search
]
Date:
[ Previous
| Next
]
Thread:
[ Previous
| Next
]
Index:
[ Author
| Date
| Thread
]
Re: the fed and the yuan
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: Re: the fed and the yuan
- From: "Devine, James" <jdevine@xxxxxxx>
- Date: Sun, 20 Jul 2003 08:53:12 -0700
- Thread-index: AcNOMZ+QQ2AdOIQiTNOQjhcbxBGInAApOla7
- Thread-topic: [PEN-L] the fed and the yuan
Jonathan writes: >I just can't figure out why there's suddenly a unanimous call for
revaluation. Especially since foreign firms account for such a significant
portion of exports from China (more than half I think).<
as should be well-known, the falling dollar boosts the US economy at the expense of Europe and other major trading partners with floating rates. But with a fixed yuan/dollar exchange rate, the falling dollar also means that China gains at the expense of Europe and other areas with currencies rising relative to the US dollar. The US -- and other dollar-holders -- don't gain from this, however.
all of this encourages fears of deflation.
Jim
- Thread context:
- Question - US National Debt,
Jurriaan Bendien Sun 20 Jul 2003, 02:01 GMT
- Re: the fed and the yuan,
Eubulides Sat 19 Jul 2003, 23:39 GMT
- Bush visit,
Dan Scanlan Sat 19 Jul 2003, 21:33 GMT
- NYTimes.com Article: U.S. May Be Forced to Go Back to U.N. for Iraq Mandate,
Alejandro Valle Baeza Sat 19 Jul 2003, 19:36 GMT
- "New Loan Sharks" Making Big profits By Preying on Low-Income Americans,
Michael Hoover Sat 19 Jul 2003, 18:21 GMT
[ Other Periods
| Other mailing lists
| Search
]