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Don Yuan: China’s “Selfish” Exchange Rate Policy and International Economic Law

  • Christoph Herrmann
Chapter
Part of the European Yearbook of International Economic Law book series (EUROYEAR, volume 1)

Abstract

If there is any single character in the history of literature that stands for egoism and selfishness, it is certainly the one of Don Juan, the restless and insatiable lover and seducer of women. If there is any trading nation that is perceived — at least in the United States — to be similarly selfish and insatiable in its conduct of foreign economic relations, it is certainly China, whose currency unit is the yuan, also called renminbi (The People’s Money).1 Given the permanent accusations that are being raised against China for its exchange rate regime for the yuan, one feels inclined to speak of China as the Don Yuan of our times. However, we should be careful with excessively quick answers to a matter that is far more complicated in reality.

Keywords

Exchange Rate International Monetary Fund World Trade Organization Exchange Rate Regime Exchange Rate Policy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  1. 1.Lehrstuhl für Staats- und Verwaltungsrecht, Europarecht, Europäisches und Internationales WirtschaftsrechtUniversität PassauPassauGermany

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