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RSS Nouriel Roubini's Global EconoMonitor

Is the US Really Serious or Masochist About Demanding a Revaluation of the Chinese Currency? Playing with Fire and the Risk of a Market Crash

Nouriel Roubini | Apr 17, 2005

The weekend news from the IMF and G7 meetings was that the US has lost its patience with China and is requesting a rapid abandonment by China of the fixed exchange rate peg of its currency. Some of the headlines were:

G-7 Ends Charm Offensive, Urges Shift in China Peg

China put on notice over its currency

U.S. Boosts Pressure on China to Float Currency

Such US views, G7 Communique' and press headlines then lead to the fateful question: is the US really serious about demanding that China revalue its currency or is the US outright clueless and masochistic?


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