Yu, Miaojie - East Asian Bureau of Economic Research (EABER) - 2010
In 2005, China abated its fixed exchange rate against the U.S. dollar and began to appreciate the Renminbi (RMB). In … this paper, I explore the effect of the appreciation of the RMB on imports to the U.S. from China by augmenting the gravity … the U.S. dollar significantly reduced imports to the U.S. from China. This finding is robust to a variety of econometric …