Zhang, Zhaoyong - In: Economia Internazionale / International Economics 51 (1998) 3, pp. 437-445
The objective of this paper is to test the relationship between the exchange value of the renminbi (RMB) and China’s trade balance over the 1991-1996 period. Using some recent econometric techniques designed to evaluate the existence and the direction of causality, we find no evidence to...