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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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Is the Chinese currency substantially misaligned to warrant further appreciation?
Qin, Duo; He, Xinhua - 2010
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10003933130
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Is the Chinese currency substantially misaligned to warrant further appreciation?
Qin, Duo; He, Xinhua - 2010
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10003933930
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Measuring Renminbi Misalignment : Where do We Stand?
Cheung, Yin-Wong - 2010
The value of China's currency, the renminbi (RMB), and the conduct of China's exchange rate policy have generated …
Persistent link: https://www.econbiz.de/10013137220
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Renminbi's Misalignment : A Meta-Analysis
Bineau, Yannick - 2011
This paper presents the results of a meta-regression analysis of empirical estimates of Renminbi misalignments … of the Renminbi. Instead, a correct evaluation of Renminbi misalignment should combine all the theoretical models of real …
Persistent link: https://www.econbiz.de/10013121960
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Understanding the Behavioral Equilibrium Exchange Rate Model Via its Application to the Valuation of Chinese Renminbi
Zhang, Zhibai - 2012
In this paper, the behavioral equilibrium exchange rate (BEER) model used in a time-series setting is investigated, via … its application to the valuation of Chinese renminbi. A classical definition with its generalization is given. The … different misalignment results derived from the BEER models are proven to result from the different econometric component …
Persistent link: https://www.econbiz.de/10013102922
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Exchange Rate Misalignment - The Case of the Chinese Renminbi
Cheung, Yin-Wong - 2013
Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …, the renminbi (RMB), this article highlights a few challenges in properly assessing the extent of currency misalignment …
Persistent link: https://www.econbiz.de/10013091077
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How is the RMB Exchange Rate Misaligned? A Recent Application of Behavioral Equilibrium Exchange Rate (BEER) to China
Cui, Yuming - 2016
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 …
Persistent link: https://www.econbiz.de/10013007133
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A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
Cheung, Yin-Wong - 2019
We adopt the Jackknife Model Averaging (JMA) technique to conduct a meta-regression analysis of 925 renminbi (RMB …
Persistent link: https://www.econbiz.de/10012861432
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China's Unfinished Yuan Reform - Further Appreciation Needed to Redress External Imbalances
Kwan, C. H. - 2006
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