A dialogue on the Chinese renminbi
Nov 19th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Morgan Stanley economists present a dialogue on the Chinese renminbi (people's currency in Mandarin; yuan is unit in Mandarin), highlighting the pros and cons of renminbi de-peg and appreciation against the US dollar, in the format of a hypothetical debate between a policy advisor who defends the status quo and a fund manager who argues that the current arrangement is unsustainable.