Is Chinas Exchange Rate Policy Protectionalsitic?

1.
1. Introduction 2. Overview

of Chinas Exchange rate policy

2.1 Before 2005 reform 2.2 After 2005 reform 3 An Evaluation of Claims For protectionism (Here we will try to give an analysis of all facts and would discuss Justification of Claims.) 1 Big Mac Index 2 Purchasing Power parity and RMBs value 3 Other Measures of PPP and Value of RMB 4 Valuation of the RMB Based on the Flow Model 5 Analysis of Investment Portfolio 3 Is Dollars Appreciation Contributable to RMBs devaluation?

3.

3. Reasons

for Chinas reluctance to appreciate the Renminbi

3.1 Protectionist reasons 3.2 Other reasons (for example the costs of a float Exchange-rate) 4. Conclusions

References:1 Jiawen Yang ,Journal of Chinese Economics and Finance ISSN 1450-2887 Issue 1 (2011) Is the Chinese Currency Undervalued?, Department of International Business and International Affairs

School of Business and Public Management The George Washington University, Washington, DC USA 2 The U.S.-China Exchange Rate Debate: Using Currency Offer Curves ,Jannett Highfill & Raymond Wojcikewych Published online: 13 October 2011 # International Atlantic Economic Society 2011 3 Real Exchange Rates and Trade Protectionism Thomas Oatley 4 On the Yuan: The Choice between Adjustment,under a Fixed Exchange Rate and Adjustment,under a Flexible Rate Jeffrey Frankel* 5. Chinas Real Exchange Rate Puzzle,Rod Tyers Australian National University,Jane Golley,Australian National University