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John Williamson, discussing his study with William R. Cline, argues that established fundamental equilibrium exchange rates (FEERs) will help promote global financial stability.
RELATED PUBLICATIONS
Policy Brief 09-10: 2009 Estimates of Fundamental Equilibrium Exchange Rates [pdf] June 2009
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A Return to Global Imbalances? June 15, 2010
A New Global Balance In the Offing? April 21, 2010
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China: Dealing with an Insecure Juggernaut March 24, 2010
Senator Dodd's Regulatory Reform: A Step Forward March 15, 2010
A Stress Test for the Euro? March 3, 2010
Is China's Economy Overheating? February 26, 2010
China's Dollar Leverage Is an Exaggerated Threat February 18, 2010
China vs. the Rest of the World? February 4, 2010
FEERs Update: China's Persistently Undervalued Currency January 29, 2010