Currency undervaluation and sovereign wealth funds: A new role for the world trade organization

World Economy

Volumn 32, Issue 8, 2009, Pages 1135-1164

  Mattoo, Aaditya ^a   Subramanian, Arvind ^a  

^a JOHNS HOPKINS UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CURRENCY DEVALUATION; EXCHANGE RATE; EXPORT; IMF; IMPORT; INVESTMENT; NEGOTIATION PROCESS; SUBSIDY SYSTEM; TARIFF STRUCTURE; TRADE AGREEMENT; WORLD TRADE ORGANIZATION;

HARNESS;

EID: 68049086734     PISSN: 03785920     EISSN: 14679701     Source Type: Journal    
DOI: 10.1111/j.1467-9701.2009.01199.x     Document Type: Article

References (23)

1. Anderson, K., W. Martin and D. van der Mensbrugghe (2006), 'Distortions to World Trade: Impacts on Agricultural Markets and Farm Incomes', Review of Agricultural Economics, 28, 2, 168-94.
2. Bergsten, F. C. (1998), 'Fifty Years of the GATT/WTO: Lessons from the Past for Strategies for the Future', Working Paper No. 98-3 (Washington, DC: Peterson Institute for International Economics).
3. Bhalla, S. (2007), 'Second Among Equals: The Middle Class Kingdoms of India and China', draft manuscript (Washington, DC: Peterson Institute of International Economics).
4. Bird, G. and T. D. Willett (2007), 'Multilateral Surveillance: Is the IMF Shooting for the Stars?', World Economics, 8, 4, 167-89.
5. Burdekin, R. (ed.) (2008), China's Monetary Challenges: Past Experiences and Future Prospects (Cambridge: Cambridge University Press).
6. Cline, W. R. and J. Williamson (2007), 'Estimates of the Equilibrium Exchange Rate of the Renminbi: Is There a Consensus and, If Not, Why Not'? paper presented at the conference on Debating China's Exchange Rate Policy, 19 October (Washington, DC: Peterson Institute for International Economics).
7. Goldstein, M. (2006), 'The IMF as Global Umpire for Exchange Rate Policies', in M. Mussa (ed.), C. Fred Bergsten and the World Economy (Washington, DC: Peterson Institute for International Economics), pp. 313-32.
8. Goldstein, M. and N. Lardy (2007), 'China's Exchange Rate Policies: An Overview of Key Issues', paper presented at the conference on Debating China's Exchange Rate Policy, 19 October (Washington, DC: Peterson Institute for International Economics).
9. Frankel, J. (2008), 'The Effect of Monetary Policy on Real Commodity Prices', in J. Campbell (ed.), Asset Prices and Monetary Policy (Chicago: University of Chicago Press), pp. 291-334.
10. Hufbauer, G., Y. Wong and K. Sheth (2006), US-China Trade Disputes: Rising Tide, Rising Stakes, Policy Analyses in International Economics 78 (Washington, DC: Institute for International Economics).
11. Jackson, A. K. (2006), 'The Exon-Florio Test for Foreign Investment', CRS Report for Congress (Washington: Congressional Research Service).
12. Lee, J., G. Milesi-Ferreti and L. Ricci (2007), 'Methodology of CGER Exchange Rate Assessments', paper presented at the workshop on global imbalances, sponsored by Brussels-based BRUEGEL, Seoul-based Korea Institute for International Economic Policy, and Peterson Institute for International Economics, Washington, DC, 8-9 February.
13. Martin, W. (2007), Draft Modalities for Non-agricultural Market Access: A Quick Assessment (Washington, DC: World Bank).
14. Mattoo, A. and A. Subramanian (2004), 'The WTO and the Poorest Countries: The Stark Reality', World Trade Review, 3, 3, 385-407.
15. Mattoo, A. and A. Subramanian (2005), 'Why Prospects for Trade Talks Are Not Bright', Finance and Development, 42, 1, 19-21.
16. Messerlin, P. (2004), 'China in the WTO: Antidumping and Safeguards', in D. Bhattasali, S. Li and W. Martin (eds.), China and the WTO: Accession, Policy Reform, and Poverty Reduction Strategies (Washington, DC: World Bank and Oxford University Press), pp. 29-48.
17. Mussa, M. (2007), 'IMF Surveillance.over China's Exchange Rate Policy', paper presented at the conference on Debating China's Exchange Rate Policy, 19 October (Washington, DC: Peterson Institute for International Economics).
18. Obstfeld, M. (2002), 'Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics', NBER Working Paper No. 9118 (Cambridge, MA: National Bureau of Economic Research).
19. Prasad, E., R. Rajan and A. Subramanian (2007), 'Foreign Capital and Economic Growth', Brookings Papers on Economic Activity, 38, 1, 153-230.
20. Rodrik, D. (2008), 'The Real Exchange Rate and Economic Growth', Brookings Papers on Economic Activity, 2008, 2, 365-412.
21. Setser, B. (2007), 'The Case for Exchange Rate Flexibility in Oil-exporting Economies', International Economics Policy Brief No. 07-8 (Washington, DC: Peterson Institute for International Economics).
22. Truman, E. M. (2007), 'Sovereign Wealth Funds: The Need for Greater Transparency and Accountability', International Economics Policy Brief No. 07-6 (Washington, DC: Peterson Institute for International Economics).
23. UNCTAD (United Nations Conference on Trade and Development) (2006), World Investment Report (Geneva: UNCTAD).