Pegging the renminbi (RMB) to the US dollar since 1994 has characterised China’s exchange rate policy, under either a …

the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro …-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus … for the Euro-dollar real exchange rate using time series techniques. After identification and model selection, the same …