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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/10010297476
A ceasefire has been called in the trade war between the United States and China, but there is lingering uncertainty … that will stifle aggregate spending until a "peace treaty" is signed. China is thus currently undertaking a precarious … war into simple terms, the United States is worried about the size of its bilateral trade deficit with China and is …
Persistent link: https://www.econbiz.de/10014565885
The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...
Persistent link: https://www.econbiz.de/10011605168
China has been running a large trade surplus with the rest of the world, particularly with the USA and EU. This has …, mostly focus on real exchange rate and income as determinants of China's trade imbalances. Little attention has been given to … literature by adding FDI to China's trade balance model. Fitting aggregate annual data from 1979 to 2007 to SURE (Seemingly …
Persistent link: https://www.econbiz.de/10010273425
This is a study of 42 developing countries of Asia, Africa and Latin America in which we first examine the impact of trade liberalisation on economic growth, investment share of GDP, openness, trade balance and current accounts (as percentages of GDP). Both panel data and country by country data...
Persistent link: https://www.econbiz.de/10010295415
Given the large trade and current account deficits in some of the new EU member states the development of their external economic situation plays a role in assessing their aptitude to enter the European Monetary Union. The empirical analysis with aggregated data indicates that in the eight...
Persistent link: https://www.econbiz.de/10010295786
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...
Persistent link: https://www.econbiz.de/10010274730
This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs...
Persistent link: https://www.econbiz.de/10010323739
African countries have over the years experienced persistent current account deficits. The role of asymmetries in explaining the response of trade balance to exchange rate movement has not received adequate attention as linear models dominate extant empirical literature. In this paper, we...
Persistent link: https://www.econbiz.de/10013470700
that, in the case of China, this leads to an upward bias in both the perceived quantitative and qualitative threats to the …
Persistent link: https://www.econbiz.de/10010313299