Thorbecke, Willem; Smith, Gordon - In: Review of International Economics 18 (2010) 1, pp. 95-108
China's global current account surplus equaled 9% of Chinese GDP in 2006 and 11% of GDP in 2007. Many argue that a renminbi appreciation would help to rebalance China's trade. Using a panel dataset including China's exports to 33 countries we find that a 10% renminbi (RMB) appreciation would...
