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Exchange rate sensitivity of China's bilateral trade flows
Wang, Jiao; Ji, Andy G. - 2006
data panel analysis in assessing the impact of currency depreciation or appreciation on bilateral trade flows between China …Traditional assessments of the impact of exchange rate depreciation or appreciation on trade have involved estimating … the elasticity of trade volume to relative prices.Such studies relied heavily on aggregated trade data.More recent studies …
Persistent link: https://www.econbiz.de/10012148522
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Exchange rate sensitivity of China’s bilateral trade flows
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 …Traditional assessments of the impact of exchange rate depreciation or appreciation on trade have involved estimating … the elasticity of trade volume to relative prices. Such studies relied heavily on aggregated trade data. More recent …
Persistent link: https://www.econbiz.de/10005648644
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China's Evolving Exchange Rate Regime
Das, Sonali - 2019
China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de...
Persistent link: https://www.econbiz.de/10012889144
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China's Evolving Managed Float : An Exploration of the Roles of the Fix and Broad Dollar Movements in Explaining Daily Exchange Rate Changes
Clark, John - 2017
We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix—the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...
Persistent link: https://www.econbiz.de/10012943314
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China's evolving managed float : an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes
Clark, John - 2017
We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...
Persistent link: https://www.econbiz.de/10011754330
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Can Real Exchange Rate Undervaluation Boost Exports and Growth in Developing Countries? Yes, But Not for Long
Haddad, Mona; Pancaro, Cosimo - In: World Bank - Economic Premise (2010) 20, pp. 1-5
A policy of managed real undervaluation may have been an important factor behind the success of East Asia’s export-led growth model. But current discussions over the value of China’s currency demonstrate the controversy this kind of policy can generate. Although a managed real undervaluation...
Persistent link: https://www.econbiz.de/10008837661
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Convertibility restriction in China’s foreign exchange market and its impact on forward pricing
Wang, Yi David - In: Journal of Banking & Finance 50 (2015) C, pp. 616-631
In contrast to the well established markets such as the dollar-euro market, recent CIP deviations observed in the onshore dollar-RMB forward market were primarily caused by conversion restrictions in the spot market rather than by changes in credit risk and/or liquidity constraint. This paper...
Persistent link: https://www.econbiz.de/10011118076
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Catching Up by Deglobalization : Capital Account Policy and Economic Growth
Choi, Woo Jin - 2020
level. Using panel data from 45 countries from 1985–2012, we find that capital controls combined with reserve accumulation …
Persistent link: https://www.econbiz.de/10012844518
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Testing the Relationship between Domestic Factors and Real Exchange Rate in China
Yu, Guangdong - 2017
In this study, we mainly investigate how the domestic factors of China (trade openness, Kaopen, real interest rate …-2015. The empirical results show, in the short run, that positive real government consumption, real interest rate and trade … consumption and real interest rate shocks are small on impact in the long run, but the Trade Openness shocks and Kaopen shocks …
Persistent link: https://www.econbiz.de/10012952382
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The Relationship of Economic Fundamentals and Real Exchange Rate between Korea and China
Yu, Guangdong - 2019
This paper examines the real exchange rate's (REER) response to the real GDP, FDI, M2, trade openness (OPEM), foreign …
Persistent link: https://www.econbiz.de/10012870556