The Effects of a Renminbi Devaluation on ASEAN Economies: An Applied General Equilibrium Approach, by Robert R. Teh Jr.
Introduction There is growing complexity in the economic relationship between ASEAN and China. On the one hand, China is a major competitor to ASEAN both as an investment destination and as a major producer of labour-intensive manufactures. But on the other hand, China’s maintenance of the renminbi during the height of the Asian crisis was [...]