Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …

Balassa-Samuelson effect makes amendment to this theory; however, its conclusion is just the opposite of China's condition … conforming to China's condition and make verification based on the current situation, which gives a good explanation of the …

Behavioral Equilibrium Exchange Rate (BEER) approach. We employ monthly data with reference to China's top 20 trading partners … US dollar and some currencies of China's main trading partners depreciated during the period of crisis. More recently …, the degree of RMB misalignment slightly declined since 2012 when the RMB proceeded to appreciate and China's ratio of …

trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …

overvalued by 10–20% in 2011–2012. Given the already overvalued currency and the not-ideal economic situation of China, such a …

trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …

indices, for Japan, China, and Korea on a monthly basis from January 2001 to February 2013 in order to provide a better …

This paper measures the industry‐specific real effective exchange rate (REER) for China by matching domestic and …