Thursday, 19 January 2017, 4-5:30 pm
Lecture Theatre 52, University Town, NUS
The U.S. Treasury department is required twice a year to determine whether any country is a "currency manipulator" - whether the country is engaging in foreign exchange market intervention in order to favorably affects its currency value to the detriment of the U.S. The Treasury has not found China to be a currency manipulator, but the president-elect has vowed to give China that designation, which might then allow the U.S. to impose trade sanctions. Professor Engel will discuss how one might determine whether a country is manipulating its currency, the difficulties of making such a determination, and the case of China in particular.
Charles Engel is Donald Hester Professor of Economics at University of Wisconsin-Madison. His research is in the area of international macroeconomics and international finance. He is also Research Associate, NBER; Research Affiliate, Research Centre for International Economics, City University of Hong Kong; Advisory Board, Center for Applied Macroeconomic Analysis; Senior Fellow, Federal Reserve Bank of Dallas; International Research Fellow, Kiel Institute; on Council of Advisers, Hong Kong Institute for Monetary Research; and serves on the BIS Advisory Panel.
Admission is free. All are welcome. RSVP @ https://goo.gl/HEiu08.