Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era

Barry Eichengreen, Mariko Hatase

For China this suggests starting with a modest band widening and a limited increase in flexibility, and not with a large step revaluation which could have a sharp negative impact on investment and growth. Our results thus provide support for the kind of measures taken at the end of July

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Year of publication:	September 2005
Authors:	Eichengreen, Barry
Other Persons:	Hatase, Mariko (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	China \| Japan \| Wechselkurspolitik \| Exchange rate policy \| Fester Wechselkurs \| Fixed exchange rate \| Vergleich \| Comparison \| Wechselkurs \| Exchange rate

Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w11625
Type of publication:	Book / Working Paper
Language:	English
Notes:	System requirements: Adobe [Acrobat] Reader required for PDF files Mode of access: World Wide Web Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w11625 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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