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argues that this strategy is causing macroeconomic problems for the People's Republic of China (PRC). Inflation is rising …, helping the People's Bank of China to implement monetary policy that is appropriate for the PRC. Since exchange rate …
Persistent link: https://www.econbiz.de/10009267746
argues that this strategy is causing macroeconomic problems for the People's Republic of China (PRC). Inflation is rising …
Persistent link: https://www.econbiz.de/10013122036
Persistent link: https://www.econbiz.de/10003492880
Persistent link: https://www.econbiz.de/10009547712
Persistent link: https://www.econbiz.de/10009237734
In this letter we model the deviation of the nominal exchange rate from the long run equilibrium level predicted by monetary fundamentals in a nonlinear framework consistent with the presence of transaction costs. We consider a novel approach that allows for the joint testing of nonlinearity and...
Persistent link: https://www.econbiz.de/10014075254
Persistent link: https://www.econbiz.de/10008826913
In this paper we study the determinants of gross capital flows, project the size of China's international investment … positions in 2020 and analyse the implications for the renminbi real exchange rates. We assume in this exercise that the … renminbi will have largely achieved capital account convertibility by the end of this decade, a timetable consistent with …
Persistent link: https://www.econbiz.de/10013107558
Persistent link: https://www.econbiz.de/10008841064
Region. Allerdings führt das Festhalten an einem real unterbewerteten Yuan zu Verzerrungen der Wirtschaftsstruktur bei China …
Persistent link: https://www.econbiz.de/10009666255