This paper looks at the foreign exchange rates （FX rates） and specifically the RMB/US dollar exchange rate issue from the international political economy （IPE） perspective. It argues that in reality, the US-China ...This paper looks at the foreign exchange rates （FX rates） and specifically the RMB/US dollar exchange rate issue from the international political economy （IPE） perspective. It argues that in reality, the US-China debate on the renminbi （RMB） exchange rate and the new reform initiated on July 21,2005 is Hot only an economic issue, but more than that, an issue of political economy, that is determined by the dynamic interaction of various economic and political factors at both the national and international levels.展开更多
文摘This paper looks at the foreign exchange rates （FX rates） and specifically the RMB/US dollar exchange rate issue from the international political economy （IPE） perspective. It argues that in reality, the US-China debate on the renminbi （RMB） exchange rate and the new reform initiated on July 21,2005 is Hot only an economic issue, but more than that, an issue of political economy, that is determined by the dynamic interaction of various economic and political factors at both the national and international levels.
