Exchange Rate Economics

A good read - Yu Yongding examines China’s Daring Depreciation

http://www.project-syndicate.org/commentary/china-domestic-consumption-by-yu-yongding-2015-08

A timely piece by Henny Sender: A currency skirmish that was not made in China

“Before 2005, the value of the renminbi was fixed at a constant rate against the dollar. Since that peg was relaxed, the Chinese redback had risen 25 per cent against the greenback. (It has risen still more steeply against a trade-weighted basket of currencies, and by about 50 per cent against the Japanese yen.) Even the International Monetary Fund no longer finds the currency undervalued.”

Related:

http://vivekjayakumar.blogspot.com/2015/08/chinas-recent-currency-market-shift.html

http://vivekjayakumar.blogspot.com/2015/08/the-fed-and-emerging-markets.html