【摘 要】
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In this paper,the debate on Yuan RMB & US$ exchange rate is analyzed from the financial-political point of view,supported with statistical-economic evidence in
【机 构】
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University of Florence and Chair of Statistics of the Renmin University of China
论文部分内容阅读
In this paper,the debate on Yuan RMB & US$ exchange rate is analyzed from the financial-political point of view,supported with statistical-economic evidence in order to verify whether or not it is artificially kept undervalued,as claimed by the USA govment and economists and therefore the cause of ChinaUSA strong trade imbalance which in t affects the rate of unemployment in the USA.After discussing the different points of view in the subject,the paper stresses the strong re-valuation operated by the China ’s govment through the People’s Bank of China,and after putting in evidence that the exchange rate cannot be imputed of being the main source of trade imbalance,concludes that the still existing undervaluation as compared to the purchasing power parity is physiological,represents quite wellthe economic exchange rate and cannot be considered the cause of the unemployment rate in the USA.
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