China’s currency devaluation

"China's central bank is allowing its tightly controlled currency, the yuan, also known as the renminbi, to fall in value.” (Source: CBC)

“There is still a lot of uncertainty on the reasons behind this devaluation. We will have to wait and see the next few weeks.”
- Francesca Carrieri

Francesca Carrieri, Associate Professor of Finance at the Desautels Faculty of Management at McGill University.
Expertise: Her current research focus is on issues such as financial integration and the role of industries in developed and emerging markets. She has been contributing to the debate over the importance of currency risk for emerging markets.
Contact: francesca.carrieri [at] mcgill.ca. She answers questions in English.