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This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within …. Recent findings also indicate that imbalances between the People’s Republic of China (PRC) and the United States are a … regional production networks depend on exchange rates throughout the region while labor-intensive exports depend on exchange …
Persistent link: https://www.econbiz.de/10011278082
This paper considers how exchange rates affect East Asian trade. The evidence indicates that exports produced within …. Recent findings also indicate that imbalances between the People’s Republic of China (PRC) and the United States are a … regional production networks depend on exchange rates throughout the region while labor-intensive exports depend on exchange …
Persistent link: https://www.econbiz.de/10011278129
Whether a real devaluation ultimately proves to be expansionary or contractionary depends on whether the boost given to the exportables sector offsets any possible output-depressing effects that may accompany the expenditure-switching policy. Failure of the exportables sector to adequately...
Persistent link: https://www.econbiz.de/10008740142
The growing weight of the People’s Republic of China (PRC) in the world economy, measured by gross domestic product …, the paper finds that much progress has been made on RMB settlements for trade involving the PRC and on RMB … (GDP) and trade volume, has intensified debate on the potential international role of its currency—the renminbi (RMB …
Persistent link: https://www.econbiz.de/10011134343
countries and analyze the impact of a supply shock in an emerging economy, the People’s Republic of China (PRC), on inflation … trade specialization vis-à-vis the PRC and the PRC’s USdollar- pegged regime. This outcome suggests that, even though Japan … rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade …
Persistent link: https://www.econbiz.de/10011134369
The growing weight of the People’s Republic of China (PRC) in the world economy, measured by gross domestic product …, the paper finds that much progress has been made on RMB settlements for trade involving the PRC and on RMB … (GDP) and trade volume, has intensified debate on the potential international role of its currency—the renminbi (RMB …
Persistent link: https://www.econbiz.de/10011134377
Many argue that the yuan needs to appreciate to rebalance the Peoples Republic of Chinas trade. However, empirical … evidence on the effects of a CNY appreciation on the Peoples Republic of Chinas exports has been mixed for the largest category … of exports, processed exports. Since much of the value-added of these goods comes from parts and components produced in …
Persistent link: https://www.econbiz.de/10009363842
’s Republic of China (PRC). In particular, we investigate to what extent reforms pertaining to the financial sector, social … protection, and healthcare may contribute to a rebalancing of the PRC’s persistent current account imbalances. Our forecasting …-funded healthcare are also found to contribute to a rebalancing of the PRC economy. …
Persistent link: https://www.econbiz.de/10010840246
People’s Republic of China (PRC). Our model also suggests that the share of the RMB in export invoicing should have been … invoicing for the PRC’s exports will rise to above 25% in 2015 and above 30% in 2018, whether or not the PRC implements …We investigate the determinants of currency choice for trade invoicing in a cross-country context while focusing on the …
Persistent link: https://www.econbiz.de/10011134341
People’s Republic of China (PRC). Our model also suggests that the share of the RMB in export invoicing should have been … invoicing for the PRC’s exports will rise to above 25% in 2015 and above 30% in 2018, whether or not the PRC implements …We investigate the determinants of currency choice for trade invoicing in a cross-country context while focusing on the …
Persistent link: https://www.econbiz.de/10011134374