Showing 1 - 10 of 157
Experts analyze four factors in China's economic growth: exchange rate policy, savings and investments, monetary policy …Intro -- CESifo Seminar Series -- Contents -- Contributors -- Series Foreword -- Preface -- 1 Introduction -- I China …'s Exchange Rate Policy -- 2 United States, China, and the Rebalancing Debate: Misalignment, Elasticities, and the Saving …
Persistent link: https://www.econbiz.de/10012683469
We use two measures to study two capital flight channels for Germany. One measure is based on the concept of trade misinvoicing and one on net claims and liabilities in the Eurosystem of central banks. For both measures, we propose refinements to enhance the assessment of capital flight. We find...
Persistent link: https://www.econbiz.de/10012052385
Persistent link: https://www.econbiz.de/10012392394
The value of China's currency, the renminbi (RMB), and the conduct of China's exchange rate policy have generated …
Persistent link: https://www.econbiz.de/10008677826
We find that Chinese trade flows respond to economic activity and relative prices -- as represented by a trade weighted exchange rate -- but the relationships are not always precisely or robustly estimated. Chinese exports are generally well-behaved, rising with foreign GDP and decreasing as the...
Persistent link: https://www.econbiz.de/10010818564
China is now the world’s second largest economy and may soon overtake the United States as the world’s largest. Despite … its adoption of some free-market principles, China considers itself a “socialist-market economy,” suggesting that the … in China’s rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and …
Persistent link: https://www.econbiz.de/10010905556
The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …
Persistent link: https://www.econbiz.de/10010261238
We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...
Persistent link: https://www.econbiz.de/10010264069
One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However … US dollar, China has alternative measures to retain its policy independence and de-link its interest rates from the US … rate. In other words, the argument for a flexible RMB to insulate China's monetary policy from the US effect is not …
Persistent link: https://www.econbiz.de/10010264088
capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative income …
Persistent link: https://www.econbiz.de/10010264589