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The structural VAR models for European countries (France, Denmark, and Germany) are developed to examine the monetary policy reactions, especially the within-ERM exchange rate stabilization, during the ERM period. First, impulse responses of monetary instrument and the exchange rate to shocks...
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In this Policy Contribution, Jean Pisani-Ferry observes the lack of European interest towards China's exchange policy … renminbi, and they can be expected to adopt an increasingly active stance on China's exchange rate policy. …
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This paper examines structural changes in the exchange rate mechanism of China. For this purpose, we propose a …
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China has been accused exchange rate manipulation that has caused large U.S. trade deficits, which have reduced U … imbalances are deeply deleterious to China's welfare almost make it a moral imperative for the United States to use tariffs to … force an RMB appreciation for China’s own good. The truth, however, is that: - The claim that a 40 percent appreciation of …
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/$ exchange rate and goods trade flows between China and the US during each of these phases. Main findings support traditional … thinking for the long-term: a depreciating dollar is correlated with accelerated growth in US exports to China and diminished … growth in US imports from China, and a fluctuating exchange rate suggests mild growth in trade flows between the two nations …
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