Date Published:
Jun 01, 2003
Policy Notes
Focus Area(s):
PN 2003-09

Should the various currencies in East Asia led by the Chinese yuan be appreciated or revalued? Dr. Josef Yap examines the levels of valuation of these currencies by looking at the behavior of their real effective exchange rates over time to determine whether indeed, there is room for the further appreciation of these East Asian currencies. Read on for his finding and recommendation.

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