Retaliating Against Exchange-Rate Manipulation Under WTO Rules

THE US-SINO CURRENCY DISPUTE: NEW INSIGHTS FROM ECONOMICS, POLITICS, AND LAW, pp. 133-138, Simon J. Evenett, ed., VoxEu.org and Centre for Economic Policy Research, 2010

4 Pages Posted: 2 Jan 2011

See all articles by Michael Waibel

Michael Waibel

University of Cambridge - Faculty of Law; Lauterpacht Centre for International Law; University of Cambridge - Jesus College

Date Written: April 16, 2010

Abstract

What legal basis is there for retaliating against China’s exchange-rate policy? This column says that IMF rules are likely inadequate to rule against China, while its policy does not constitute a WTO-punishable export subsidy. It argues that exchange-rate conflicts should be handled by a proposed IMF dispute settlement mechanism, not the WTO.

Keywords: WTO, IMF, Export Subsidy, Exchange Rate, Undervaluation

JEL Classification: E42, F40, F31

Suggested Citation

Waibel, Michael, Retaliating Against Exchange-Rate Manipulation Under WTO Rules (April 16, 2010). THE US-SINO CURRENCY DISPUTE: NEW INSIGHTS FROM ECONOMICS, POLITICS, AND LAW, pp. 133-138, Simon J. Evenett, ed., VoxEu.org and Centre for Economic Policy Research, 2010. Available at SSRN: https://ssrn.com/abstract=1733447

Michael Waibel (Contact Author)

University of Cambridge - Faculty of Law ( email )

10 West Road
Cambridge, CB3 9DZ
United Kingdom

Lauterpacht Centre for International Law ( email )

5 Cranmer Road
Cambridge, CB3 9BL
United Kingdom

University of Cambridge - Jesus College ( email )

Jesus Lane
Cambridge, CB5 8BL
United Kingdom

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