Quote:It's getting too late to read all of that, but on first glance it does seem to be 'on my side'. So I guess you are right, and asking McKinnon is not as useful as I hoped. What can I say? Thank you for giving me another usable reference? :wub:
You're welcome. Now maybe try and find someone sensible who opposes your views. There are a lot of them, you might start with the footnotes from those papers of McKinnon's.
-Jester
Well, here's a gold mine:http://www.ssc.wisc.edu/~mchinn/RMB.html
Everything you ever wanted to hear from economists on the topic. I'm sure there are agrees and disagrees in there. Browsing through, one thing does appear to be a fairly broad consensus, which is that no matter what the Chinese do to the Yuan, the biggest issue with US trade deficits is oil, and that even a total revaluation would only cut the total US trade deficit by a little, not by a lot.