Econ final project terms

Econ final project terms - China hints at devaluation Main...

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China hints at devaluation: Main task: Explain the need for reassessment of the exchange rate policy in China. Evaluate the pros and cons of the argument (Pay particular attention to competitiveness  of exports on the pros’ side and speculative attacks on the currency on the cons side). Argue the case for and against China allowing greater access to foreign exports into its  domestic markets) Other questions that you can consider: 1. Why could a move to devalue “touch off another Asian Crisis” ? 2. Why is China’s international credibility at stake? 3. China still has $140bn in foreign exchange reserves. But its trade surplus has fallen by  64% so far this year as a result of the strong currency.   1. - 3. Can be explained via possibilities of a speculative attack on the currency, which 
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