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The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …
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On August 11 2015, China revamped its procedure of setting the official central parity of the renminbi (RMB) against … the US dollar. Our empirical investigation shows that the intertemporal dynamics of China's central parity are not the … for the RMB exchange rate against the currency basket revealed by China in December 2015 in the fixing process. …
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value of China's exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively … reduce China's trade balance. The use of alternative exchange rate measures and data on different trade classifications …
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The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …
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