than 100,000 Chinese exporters over the 2000-2006 period. We confirm a trade-deterring effect of RER volatility. We find …This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and … volatility and that this effect is magnified for financially vulnerable firms. As expected, financial development seems to dampen …

news and communication along with the estimated exchange rate misalignment on exchange rate as well as its volatility …

rate’s volatility are dominated by the other determinants. …

undervalued and should be appreciated to reduce the Chinese trade surplus. We argue that an appreciation of the renminbi need not …

puzzles of exchange rates: excessive volatility, fat tails, volatility clustering, and disconnection from the fundamentals. In … addition, the target zone regime replicates a reduced nominal volatility for the same level of fundamental volatility as in the …

We argue that criticism concerning the Chinese dollar peg is misplaced as no predictable link exists between the … stabilized Chinese, East Asian and global growth. However, linked to US low interest rates, Chinese sterilization policies and …

, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency … misalignments. On average, exchange rate volatility has a negative (even if not large) impact on trade flows. The extent of this …