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, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one …
Persistent link: https://www.econbiz.de/10010304732
Die zunehmenden Handelsbilanzüberschüsse Chinas gegenüber den USA haben eine Diskussion darüber ausgelöst, ob der Yuan gegenüber dem US-Dollar fundamental unterbewertet sei. Der Forderung, die heimische Währung deutlich aufzuwerten, hat sich China bisher widersetzt. Das schafft gerade...
Persistent link: https://www.econbiz.de/10011602239
. This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi vis-à-vis the USD from …. Simulations incorporating these microeconomic findings reveal that a substantial revaluation of the renminbi would result in a …
Persistent link: https://www.econbiz.de/10011430113
Persistent link: https://www.econbiz.de/10011695810
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the …
Persistent link: https://www.econbiz.de/10010281451
This paper analyzes the role of processing trade in the People's Republic of China (PRC)'s bilateral trade balances and the impact of the yuan's appreciation on processing trade. The analysis is based on panel data covering the PRC' 51 trading partners from 1993 - 2008. The empirical analysis...
Persistent link: https://www.econbiz.de/10010286106
Enormous trade surpluses are problematic for the People's Republic of China (PRC) and the rest of the world. They primarily stem from processing trade. This paper investigates how exchange rate changes would affect the PRC's imports for processing and processed exports. The results indicate that...
Persistent link: https://www.econbiz.de/10010286138
In this paper, we use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US trade deficit. The iPhone contributed US$1.9 billion to the US trade deficit with the People's Republic of...
Persistent link: https://www.econbiz.de/10010286165
This paper examines how an appreciation of the currency of the People's Republic of China (PRC) - renminbi - affects …/93-2008/09. It constructs two exchange rates for renminbi: one is a bilateral real exchange rate and the other is a real effective … exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would somewhat offset a …
Persistent link: https://www.econbiz.de/10010286180
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