In this two-part interview, Nicholas R. Lardy clarifies assertions made about China's currency during the presidential debate.
Nicholas R. Lardy explains that contrary to assertions in the debate, China has allowed its currency to appreciate 30 percent in the last seven years.
Nicholas R. Lardy says that labeling China a "currency manipulator," as Governor Romney advocates, would have little effect in the absence of Congress passing legislation to impose sanctions on China.
Book: Sustaining China's Economic Growth after the Global Financial Crisis January 2012
Book: Eclipse: Living in the Shadow of China's Economic Dominance September 2011
China's Economy Shadows the Obama-Xi Summit September 21, 2015
TPP Talks: Getting to Yes August 6, 2015
A Dramatic Opening with Cuba December 18, 2014
A Breakthrough on Trade November 21, 2014
Battle to Save the Export-Import Bank September 17, 2014
Record Fine for France's Biggest Bank July 2, 2014
Can the Ex-Im Bank Be Salvaged? June 23, 2014
The US Supreme Court Upends the World of Sovereign Debt June 17, 2014
Annals of Economic Nationalism: Part II May 2, 2014