Special Address 1: China and its Dollar Exchange Rate: A Worldwide Stabilizing Influcence?

Ronald McKinnon- William D. Eberle Professor of International Economics,Stanford University

In recent years, China has been criticized by foreign governments for maintaining a relatively stable currency exchange rate despite its large and growing trade surplus. Despite its appreciation in the past year, many economists and businesses have pressured their respective governments to call on China to accelerate the appreciation of RMB. Is there merit to these criticisms? What is the relationship between the exchange rate and the international economy? What implications do China's RMB reforms have on its trading partners?

Tuesday, April 10, 2012 | 10:45 am — 12:15 pm
Kehillah Hall - Taube Hillel House