The Economics and Politics of China's Exchange Rate Adjustment

ISN Publication, December 28, 2009
"This publication analyzes the on-going revaluation process of China's currency. The author argues that this adjustment depends largely on the dynamics of China's labor and financial market. He also states that South Asia is generally not hurt, and in fact may gain, from an undervalued Chinese currency."
http://kms1.isn.ethz.ch/serviceengine/Files/ISN/110879/ipublicationdocument_singledocument/7CFF2741-B56A-43BB-A74C-24776D7A59EB/en/89.pdf