October 18
China's Dollar Problem
Kenneth Rogoff explains why the Chinese are worried about the value of the dollar.
Textbook References:
Pages 692-702 “The International Flows of Goods and Capital”Pages 718-721 “The Market for Foreign-Currency Exchange”
Pages 732-733 “Capital Flows from China”
June 15
Samuelson’s Words of Warning
Paul Samuelson worries that China may lose its appetite for dollars.
Textbook References:
Chapter 31 “Open-Economy Macroeconomics: Basic Concepts”
Chapter 32 “A Macroeconomic Theory of the Open Economy”
Feb. 24
Mixed Messages
The U.S. wants China to keep buying our treasury bonds, which has the effect of keeping the value of the dollar high against the Yuan. But the U.S. also wants China to raise the value of the Yuan against the dollar.
Textbook References:
Pages 692-702 “The International Flows of Goods and Capital”
Pages 724-733 “How Policies and Events Affect an Open Economy”