In the Essays in Public Policy series, Hoover Institution scholars, recognized for their expertise in international affairs and domestic policy, bring their scholarship to bear on current problems and issues.
In the latest essay in this series, the question of revaluing China's exchange rate is raised. Many United States policymakers and certain business sectors have urged China to revalue its currency; in China authorities argue that such changes would make China less competitive in the marketplace; and economists in both countries believe any sudden change would do more harm than good.
In The Debate on China's Exchange Rate—Should or Will It Be Revalued? Jialin Zhang examines the pros and cons of changing China's current exchange rate. In addition, Zhang offers recommendations on needed reforms in China's financial systems.
A visiting scholar at the Hoover Institution, Zhang specializes in international economics, China's economic reforms, and China's foreign relations. He received his degree at the Moscow Institute of International Relations in 1960 and served as a senior fellow of the Shanghai Institute for International Studies, PRC.
He is the author or coaauthor of several Hoover Institution Essays, including Some Implications of the Turnover of Political Power in Taiwan (2002) and U.S.-China Trade Issues after the WTO and the PNTR Deal—a Chinese Perspective (2000).
Hoover Institution Press, Essays in Public Policy:
The Debate on China's Exchange Rate-Should or Will it be Revalued
by Jialin Zhang
ISBN: 0-8179-4562-8 $ 5.00 paperback
28 pages September 2004
