Renminbi Revaluation: Lessons and Experiences
Published By: ADBI on eSS | Published Date: December, 13 , 2005Japan experienced sharp appreciations of the yen twice after World War II,
the first followed by hyperinflation and the second by the “economic bubble”
in the late 1980s. The country then underwent a long recession, the so-called
“lost decade.” Some Chinese economists are worried that if the renminbi
were sharply appreciated for a very short period of time, the PRC might
follow the same path of recession that Japan experienced. [ADBI Research Policy Brief No. 18] URL:[http://www.adbi.org/files/2005.12.rpb18.renminbi.reevaluation.pdf]
Author(s): Toshiki Kanamori, Zhijun Zhao | Posted on: Mar 07, 2011 | Views(787) | Download (111)