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 … employ bilateral trade data and methodologies such as ECM and gravity models.This study uses a generalized gravity model with …

Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange …. Thus, a moderate appreciation of the RMB would not equilibrate the bilateral trade flows or remedy current account …

Since the turn of the millennium, China opened up internationally both in terms of its current account (trade) and its …