Bouveret, Antoine; Mestiri, Sana; Sterdyniak, Henri - Sciences économiques, Sciences Po - 2006
. Using equilibrium exchange rate models (Purchasing Power Parity, BEER and FEER), many authors have concluded that the …), then an undervalued exchange rate (by traditional standards) is suited for its policy objectives. Therefore the exchange … rate can be analyzed as a policy tool used by the Chinese authorities to pursue their objectives. The exchange rate can be …