China and America:

China and America:

The weak renminbi is not just America's problem
Arvind Subramanian, Financial Times, March 17, 2010
The Chinese currency requires a multilateral rules based solution rather than a bilateral confrontation. What is needed is a new rule in the World Trade Organisation proscribing undervalued exchange rates, writes Arvind Subramanian.


A China-U.S. Reckoning
Nouriel Roubini, Rachel Ziemba and Adam Towle, Forbes, March 18, 2010
The two powers grope for a new normal.
http://www.forbes.com/2010/03/17/china-united-states-trade-currency-policy-opinions-contributors-nouriel-roubini-rachel-ziemba-adam-towle.html?feed=rss_opinions

Of liquidity traps and surpluses
R.A., Free Exchange, March 17, 2010
Paul Krugman continues to push back against my criticism of his get-tough approach to the Chinese dollar peg.
http://www.economist.com/blogs/freeexchange/2010/03/chinas_currency_3

Will the Chinese yield to external threats?
Edward Harrison, Naked Capitalism, March 17, 2010
How effective is external pressure in precipitating regime change or economic policy moves?