China’s Currency Conundrum
Apr 11, 2014 warns that foreign pressure for renminbi appreciation risks triggering inflows of "hot" money.
Ronald McKinnon (1935-2014), a former professor of International Economics at Stanford University, is the author of The Unloved Dollar Standard: From Bretton Woods to the Rise of China.
Apr 11, 2014 warns that foreign pressure for renminbi appreciation risks triggering inflows of "hot" money.