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As one of largest exporting countries in the world, China has experienced a large amount of trade surpluses for the … Chinese government. While China implemented the exchange rate reform policy in July 2005, the question, whether its currency …, this paper tests the short-run J-Curve hypothesis and long-run trade balance effect of real exchange rate between China and …
Persistent link: https://www.econbiz.de/10010595051
Abstract Almost all countries face the problems of trade balance, although they are more inherent in developing countries and economies in transition. A majority of economists adhere to a common opinion that real depreciation may lead to an improvement of trade balance. That said, countries...
Persistent link: https://www.econbiz.de/10014619348
O objetivo deste trabalho é analisar os efeitos de longo e curto prazos de choques na taxa de câmbio real sobre o saldo da balança comercial agropecuária brasileira. O procedimento metodológico empregado foi a análise multivariada descrita em Johansen (1988 e 1991) apud Hamilton (1994). Os...
Persistent link: https://www.econbiz.de/10009216491
Persistent link: https://www.econbiz.de/10009391082
Persistent link: https://www.econbiz.de/10009396196
The purpose of this article is to examine the relationship between the real trade balance and the real exchange rate for bilateral trade in merchandise goods between Singapore, Korea, and Malaysia and the USA and Japan on a quarterly basis over the period 1970 to 1996 using the partial reduced...
Persistent link: https://www.econbiz.de/10005711928
Since the Asian financial crisis in 1997, Korean international trade has gone up substantially in both volume and trade balances. The improvement is largely due to an expansion of international markets through various bilateral trade agreements and the structural changes in Korean exchange...
Persistent link: https://www.econbiz.de/10011152966
This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. For the purpose of this...
Persistent link: https://www.econbiz.de/10011195380
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …
Persistent link: https://www.econbiz.de/10010616101
Gang Yi—Deputy Governor and Administrator, State Administration of Foreign Exchange (SAFE), People's Bank of China …
Persistent link: https://www.econbiz.de/10011065252