China's Currency Policy

"Misinterpreting Chinese Intervention in Financial Markets," China-US Focus, September 10, 2015

"Congress, China, and Currency Manipulation," China-US Focus, vol. 6, April-May 2015, 36-38.     
"Chinese currency manipulation not a problem,"  East Asia Forum, March 9, 2015.   

"China is Not Yet Number One," Frontiers of Economics in China, 2015, 10, no.1: 1-6..

"Internationalization of the RMB and Historical Precedents," 2012, published in Journal of Economic Integration, vol.27, no.3, pp. 329-365.

Historical precedents for the internationalization of the RMB,” CGS-IIGG WP 17.  For workshop in Beijing of the China Development Research Foundation and the Council on Foreign Relations, Nov.1, 2011.    

"The Renminbi Since 2005,"  in The US-Sino Currency Dispute: New Insights from Economics, Politics and Law, edited by Simon Evenett (Centre for Economic Policy Research: London) 2010, 51-60.

"New Estimation of China’s Exchange Rate Regime" in Pacific Economic Review, 2009, vol. 13, no. 3, special issue, edited by Menzie Chinn, pp. 346-360. Draft, 2009; NBER WP no. 14700.   Data.
Reprinted (with appendix tables): "New Estimation of the RMB Regime," in China’s Emerging Financial Markets: Challenges and Opportunities, John Tatom, Glenn Yago, and James Barth, eds. (Springer, 2009) RWP08-077

“Comments on Cline and Williamson’s ‘Estimates of the Equilibrium Exchange Rate of the Renminbi?’,”  in Debating China's Exchange Rate Policy, M. Goldstein and N. Lardy, eds.(Peterson Institute for International Economics, Washington DC), 2008, 155-165. 

“Comment on ‘China’s Current Account and Exchange Rate,’ by Yin-Wong Cheung, Menzie Chinn and Eiji Fuji,”  in China’s Growing Role in World Tradeedited by Rob Feenstra and Shang-Jin Wei, (University of Chicago Press, 2010). //////

"Assessing China's Exchange Rate Regime," with Shang-Jin Wei, Economic Policy, vol. 22, no. 51, July 2007.  Final draft. Earlier working paper versions contain more extensive tables: CEPR DP No. 6264 & NBER WP13100, May 2007. Slides   Zipped programs & datasets (To generate the paper's tables & figs, follow file "EP Journal Wrap Up.doc"). 

“On the Renminbi,”  CESifo Forum, vol 6, no. 3, Autumn 2005, p. 16-21 (Ifo Institute for Economic Research, Munich).

"On the Yuan:The Choice Between Adjustment Under a Fixed Exchange Rate and Adjustment under a Flexible Rate,” 2006, in Understanding the Chinese Economy, edited by Gerhard Illing, CESifo Economic Studies (Oxford University Press), 52, no. 2, 2006, 246-275.  (Abstract).   NBER WP 11274. HKS RWP04-037, August 2004.  High-Level Seminar on Foreign Exchange System, Dalian, China, May 2004.