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and regain autonomy in its monetary policy, China needs to move toward a free floating exchange rate system by refraining …
Persistent link: https://www.econbiz.de/10014055361
This study employs the bootstrap method to explore the evolution of the Chinese yuan. We use the following three random walks to characterize the evolution of the yuan: an IID-parameterized random walk, an ARCH(3)-parameterized random walk, and a GARCH(1,1)-parameterized random walk. To proceed,...
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China's currency, the renminbi or yuan, is not freely convertible on international foreign exchange markets; foreign … exchange is still heavily controlled in China even though major reforms swept the Chinese foreign exchange control regime in … uncertainties increase transaction costs and hinder China's deeper financial reform …
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The aim of the paper is to examine the effects on employment of the large-scale structural adjustment programme undertaken by Turkey from the early 1980s onwards. In this respect, we particularly analyse how appropriate the choices of factor intensity after structural adjustment programme have...
Persistent link: https://www.econbiz.de/10011532515
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