NBER Working Paper April 2005 ÌÇÐÄvlog¹ÙÍø Authors See citation below for complete author information. Jeffrey Frankel James W. Harpel Professor of Capital Formation and Growth Citation Frankel, Jeffrey A. "On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate." NBER Working Paper 11274, April 2005.