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China's Economic Growth, Structural Change and the Lewisian Turning Point
Fukao, Kyoji; Yuan, Tangjun - Institute of Economic Research, Hitotsubashi University - 2012
In a country such as China, which maintains strict controls on foreign exchange and frequently intervenes in the … not occurring in China? A possible explanation is that, due to certain structural reasons, the equilibrium real exchange … rate for China is considerably lower than that of other developing countries. Taking this hypothesis as our point of …
Persistent link: https://www.econbiz.de/10010614064
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China's Economic Growth, Structural Change and the Lewisian Turning Point
Fukao, Kyoji; Yuan, Tang jun - Center for Economic Institutions, Institute of Economic … - 2012
In a country such as China, which maintains strict controls on foreign exchange and frequently intervenes in the … not occurring in China? A possible explanation is that, due to certain structural reasons, the equilibrium real exchange … rate for China is considerably lower than that of other developing countries. Taking this hypothesis as our point of …
Persistent link: https://www.econbiz.de/10010593236
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Real Exchange Rate Behavior and Economic Growth : Evidence from Egypt, Jordan, Morocco, and Tunisia
Domac, Ilker; Shabsigh, Ghiath - 2021
This paper examines the effect of the real exchange rate misalignment (RERMIS) on the collective economic growth of Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing power parity; a black market exchange rate; and a...
Persistent link: https://www.econbiz.de/10013317719
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China : Sources of Real Exchange Rate Fluctuations
Wang, Tao - 2006
This paper reviews the evolution of China`s real effective exchange rate between 1980 and 2002, and uses a structural …
Persistent link: https://www.econbiz.de/10012783233
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The misalignment of real effective exchange rate : evidence from Tunisia
Derbali, Ahmed - 2021
This paper presents an estimation of the Tunisian equilibrium exchange rate based on the Behavioral Equilibrium Exchange Rate approach (BEER). The BEER framework links exchange rates to its fundamentals: Tunisian productivity, partners' productivity, trade openness and terms of trade. We...
Persistent link: https://www.econbiz.de/10012501404
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Czech BEERs with PEERs : tackling the uncertainty
Baxa, Jaromír; Jančovič, Pavel - 2019
The alternative specifications of the behavioural equilibrium exchange rate models (the BEERs) and their permanent counterparts (the PEERs) often deliver diverse estimates of the equilibrium exchange rate. In the case of the Czech koruna against the euro exchange rate, the discrepancy among the...
Persistent link: https://www.econbiz.de/10012122566
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Equilibrium exchange rates and misalignments : the case of homogenous emerging countries
Tipoy, Christian K.; Breitenbach, Marthinus C.; … - In: Spoudai : journal of economics and business 66 (2016) 4, pp. 3-25
We compute the exchange rate misalignment for a set of emerging economies between 1980 and 2013 using the behavioural equilibrium exchange rate definition. The real equilibrium exchange rate is constructed using a parsimonious model and estimators that are robust to cross-sectional independence...
Persistent link: https://www.econbiz.de/10011619498
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Boosting carry with equilibrium exchange rate estimates
Rubaszek, Michał; Beckmann, Joscha; Ca'Zorzi, Michele; … - 2022
We build currency portfolios based on the paradigm that exchange rates slowly converge to their equilibrium to highlight three results. First, this property can be exploited to build profitable portfolios. Second, the slow pace of convergence at short-horizons is consistent with the evidence of...
Persistent link: https://www.econbiz.de/10013375145
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China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …
Persistent link: https://www.econbiz.de/10011514149
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The Chinese economies in global context : the integration process and its determinants
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003 - This Draft: June 16, 2003
The linkages between the People's Republic of China and the other Chinese economies of Hong Kong and Taiwan are … these parity conditions tend to hold over longer periods between the People's Republic of China and all other economies …
Persistent link: https://www.econbiz.de/10011521409