Wang, Jiao; Ji, Andy G. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2006
model with data panel analysis in assessing the impact of currency depreciation or appreciation on bilateral trade flows … negative relation between exchange rate volatility and trade flows. Given the current revaluation expectations, we find China … lead to a revaluation of the nominal exchange rate and increased exchange rate volatility. It appears a major overhaul of …