Bøker i Cambridge Elements in Internat-serien

"This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize the RMB, describe offshore RMB trading, assess the current global status of the RMB, and discuss geopolitical tensions in the last few years. Since 2009, the process of globalizing RMB has not been smooth sailing and progressed quite unevenly over time. Despite the strong performance in the early 2010s, the RMB is underrepresented in the global market and its global role does not match China's economic might. The path of RMB internationalization is affected by both China's economic performance and geopolitical factors"--

"Given the increasing sensitivity of buyers in richer countries towards the quality of the goods that they consume, low-quality exports largely constrain the export growth of developing countries. This Element documents attempts to estimate cross-country quality variations and reviews the demand-side and supply-side explanations for the low-export-quality phenomenon. It examines how trade policies can incentivise export quality upgrading and discusses the underlying channels through which a reverse causality - export quality causing within-country income or wage inequality to worsen - may develop. This issue of wage inequality assumes relevance because export promotion policies may be difficult to sustain in such situations, particularly in large democracies where political risks from inequality driven conflict are quite high"--