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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/10010285323
recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is …
Persistent link: https://www.econbiz.de/10010288170
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. …
Persistent link: https://www.econbiz.de/10011522463
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/10012148669
"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...
Persistent link: https://www.econbiz.de/10003739233
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