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What Does Academic Research Say about the USD/RMB Exchange Rate and Imbalances?

Jamus Lim's picture

After shrinking away from the international economic news for a brief spell, the USD/RMB exchange rate is the hot topic of the day again. Part of this renewed interest is due to the imminent semiannual report by the Treasury to Congress on exchange rate policies (due mid-April), part of it relates to the relevance of a competitive dollar for U.S.