Abstract

http://ssrn.com/abstract=2018159
 
 

References (37)



 
 

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The Renminbi and Poor‐Country Growth


Christopher Garroway


affiliation not provided to SSRN

Helmut Reisen


Organization for Economic Co-Operation and Development (OECD) - Development Centre (DEV); WWZ University Basel

Burcu Hacibedel


IMF; Organization for Economic Co-Operation and Development (OECD)

Edouard Turkisch


Université Paris

March 2012

The World Economy, Vol. 35, Issue 3, pp. 273-294, 2012

Abstract:     
Discussions on how best to exit from global imbalances to create a more balanced world economy have ignored the impact on poor countries of proposals to redress these imbalances. This paper aims at filling that gap. It gauges the degree of renminbi (RMB) undervaluation; presents evidence on RMB undervaluation and China’s GDP growth rate; surveys the role of the real effective exchange rate – both its level and its stability over time – for underpinning growth in developing countries, especially in large dual economies such as China and India; and finally, presents new evidence on growth linkages between China and poor countries for the last two decades and surveys literature on potential displacement effects of RMB appreciation. The analysis allows broad conclusions to be drawn about the potential developing‐country beneficiaries and losers from various renminbi adjustment scenarios in the forthcoming years.

Number of Pages in PDF File: 22

Accepted Paper Series


Date posted: March 8, 2012  

Suggested Citation

Garroway, Christopher and Reisen, Helmut and Hacibedel, Burcu and Turkisch, Edouard, The Renminbi and Poor‐Country Growth (March 2012). The World Economy, Vol. 35, Issue 3, pp. 273-294, 2012. Available at SSRN: http://ssrn.com/abstract=2018159 or http://dx.doi.org/10.1111/j.1467-9701.2011.01408.x

Contact Information

Christopher Garroway (Contact Author)
affiliation not provided to SSRN
No Address Available
Helmut Reisen
Organization for Economic Co-Operation and Development (OECD) - Development Centre (DEV) ( email )
94, rue Chardon Lagache
Paris, 75775
France
(33-1) 45 24 82 82 (Phone)
(33-1) 45 24 79 43 (Fax)
WWZ University Basel ( email )
Petersgraben 51
Basel, CH-4003
Switzerland
HOME PAGE: http://www.unibas.ch
Burcu Hacibedel
IMF ( email )
700 19th Street, N.W.
Washington, DC 20431
United States
Organization for Economic Co-Operation and Development (OECD) ( email )
2 rue Andre Pascal
Paris Cedex 16, 75775
France
Edouard Turkisch
Université Paris
17, rue de la Sorbonne
Paris, IL 75005
France
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References:  37
Citations:  4
Footnotes:  26

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