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How to level the capital playing field. CEPS Commentary, 23 September 2010

Gros, Daniel. (2010) How to level the capital playing field. CEPS Commentary, 23 September 2010. [Policy Paper]

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    Abstract

    It is well known that China accumulates vast quantities of foreign exchange reserves as part of its strategy for 'steering' the yuan exchange rate, and that it prevents the US, Japan or the European Central Bank from retaliating by prohibiting foreigners from investing in any significant yuan assets. One solution that would not break any international commitments would be for the US and Japan to declare that they will henceforth only allow the sale of their public debt to countries whose public debt US and Japanese residents are also allowed to buy and hold.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Countries > China
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Oct 2010
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:37
    URI: http://aei.pitt.edu/id/eprint/15033

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