Gao, Han; Li, Jie; Lu, Ming; Zhong, Huiyong - 2022
China and the eurozone are alike in terms of unbalanced regional growth and having a common currency. Inland China …, with growth much slower than that of coastal China, calls for a weak currency. However, RMB, the common currency for all of … China, cannot depreciate to match inland China’s weak fundamentals and is thus overvalued from the perspective of inland …