Renminbi Revaluation: Lessons and Experiences
Kanamori, Toshiki; Zhao, Zhijun | June 2005
Abstract
Japan experienced sharp appreciations of the yen twice after World War II, the first followed by hyperinflation and the second by the “economic bubble” in the late 1980s. The country then underwent a long recession, the so-called “lost decade.” Some Chinese economists are worried that if the renminbi were sharply appreciated for a very short period of time, the PRC might follow the same path of recession that Japan experienced. To avoid such a path, can the PRC learn any possible lessons from Japan’s experiences?
Citation
Kanamori, Toshiki; Zhao, Zhijun. 2005. Renminbi Revaluation: Lessons and Experiences. © Asian Development Bank. http://hdl.handle.net/11540/4060. License: CC BY 3.0 IGO.ISSN
1882-6717
Keywords
Economic Crisis
Economic Efficiency
Economic Policies
Regional Economic Development
Job Evaluation
Evaluation
Crisis
Unemployment
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Citable URI
http://hdl.handle.net/11540/4060Metadata
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