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The Chinese economies in global context : the integration process and its determinants
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003 - This Draft: June 16, 2003
The linkages between the People's Republic of China and the other Chinese economies of Hong Kong and Taiwan are assessed, and compared against those with Japan and the US. We first characterize the time series behavior of three criteria of integration, namely real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011521409
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China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011521444
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China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011514149
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Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries
LeBlanc, Michael; Chinn, Menzie David - Economics Department, University of California-Santa … - 2004
We estimate the effects of oil price changes on inflation for the United States, United Kingdom, France, Germany, and … likely to have only a modest effect on inflation in the U.S, Japan, and Europe. Oil price increases of as much as 10 ….U. Inflation in Europe, traditionally thought to be more sensitive to oil prices than in the U.S., is unlikely to show any …
Persistent link: https://www.econbiz.de/10010843036
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Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries
LeBlanc, Michael; Chinn, Menzie David - Santa Cruz Institute for International Economics … - 2004
We estimate the effects of oil price changes on inflation for the United States, United Kingdom, France, Germany, and … likely to have only a modest effect on inflation in the U.S, Japan, and Europe. Oil price increases of as much as 10 ….U. Inflation in Europe, traditionally thought to be more sensitive to oil prices than in the U.S., is unlikely to show any …
Persistent link: https://www.econbiz.de/10010536129
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Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries
LeBlanc, Michael; Chinn, Menzie David - Economics Department, University of California-Santa … - 2004
We estimate the effects of oil price changes on inflation for the United States, United Kingdom, France, Germany, and … likely to have only a modest effect on inflation in the U.S, Japan, and Europe. Oil price increases of as much as 10 ….U. Inflation in Europe, traditionally thought to be more sensitive to oil prices than in the U.S., is unlikely to show any …
Persistent link: https://www.econbiz.de/10010536284
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What Do We Know about Recent Exchange Rate Models? In-Sample Fit and Out-of-Sample Performance Evaluated
Cheung, Yin-Wong; Chinn, Menzie David; Garcia Pascual, … - Economics Department, University of California-Santa … - 2003
Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970’s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that...
Persistent link: https://www.econbiz.de/10011130626
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Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
Cheung, Yin-Wong; Chinn, Menzie David; Garcia Pascual, … - Economics Department, University of California-Santa … - 2003
Previous assessments of forecasting performance of exchange rate models have focused upon a narrow set of models typically of the 1970’s vintage. The canonical papers in this literature are by Meese and Rogoff (1983, 1988), who examined monetary and portfolio balance models. Succeeding...
Persistent link: https://www.econbiz.de/10011130630
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The Chinese Economies in Global Context: The Integration Process and Its Determinants
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - Economics Department, University of California-Santa … - 2003
The linkages between the People’s Republic of China and the other Chinese economies of Hong Kong and Taiwan are assessed, and compared against those with Japan and the US. We first characterize the time series behavior of three criteria of integration, namely real interest parity,...
Persistent link: https://www.econbiz.de/10011130662
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China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - Economics Department, University of California-Santa … - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10010536270