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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10011277005
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
We use rolling cointegration tests to investigate the relationship between the Renminbi daily future spot return and … the forward discount rate for the period after the currency regime reform in China in July 2005. We find that there are … the forward discount rate in China. The unbiasedness hypothesis that the forward rate is an unbiased predictor of the …
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