Guest Contribution: “Undervaluation of Asian currencies”
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Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. An earlier vesion in Project Syndicate.
August 17 – Observers of international monetary economics have shifted attention back to the exchange rates of Asian currencies. The concern is that China’s yuan, Japan’s yen and Korea’s won are undervalued. All three countries run trade and current account surplus
August 17 – Observers of international monetary economics have shifted attention back to the exchange rates of Asian currencies. The concern is that China’s yuan, Japan’s yen and Korea’s won are undervalued. All three countries run trade and current account surplus
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