| Exchange Rate or Wage Changes in International Adjustment？ Japan and China versus the United States |
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| 引用本文： | Ronald McKinnon. Exchange Rate or Wage Changes in International Adjustment？ Japan and China versus the United States[J]. 中国与世界经济(英文版), 2005, 13(5): 11-27 |
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| 作者姓名： | Ronald McKinnon |
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| 摘 要： | ![]()
I. IntroductionSeldom have the pages of the financial press in Europe and America been so full of graveeditorializing on the need for a major depreciation of the dollar to correct the “unsustainable”current account and trade deficits of the United States. Much of this international moralizingdirects the high-growth East Asian countries to stop pegging their currencies to the dollar– or, in China’s case, to allow a large appreciation of the renminbi before moving to unrestrictedfloating.…
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| 关 键 词： | 中国 美国 日本 贸易平衡 工资水平 经济发展 结构调整 |
Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States |
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| Ronald McKinnon. Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States[J]. China & World Economy, 2005, 13(5): 11-27 |
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| Authors: | Ronald McKinnon |
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| Affiliation: | Ronald McKinnon |
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| Abstract: | ![]()
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| Keywords: | exchange rate dollar standard trade balance China Japan |
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