China should not rush to float its currency

Alan Greenspan's recent comment that China should float its currency and dump the dollar peg is not sound advice, this article says. The abandonment of the dollar peg would open a Pandora's box in China and could leave the world economy worse off.

First published in the UK edition of the Financial Times, 3 August. The writer, Sebastian Edwards, is a professor of economics at the University of California, Los Angeles' Anderson Graduate School of Management.

China is under increasing pressure to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.