Dunaway, Steven; Leigh, Lamin; Li, Xiangming - In: Pacific Economic Review 14 (2009) 3, pp. 361-375
Assessments of a country's real exchange rate relative to its 'equilibrium' value as suggested by 'fundamental' determinants have received increasing attention. Using China as an example, the present paper illustrates models commonly used to derive equilibrium real exchange rate estimates. The...