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We study the labor market effects of bilateral exchange rate realignment. We place emphasis on the composition of trade, the role of intermediates, and the underlying conditions of the labor market. Employment effects hinge on the fraction exported to and imported from the trading partner. A...
Persistent link: https://www.econbiz.de/10010294878
instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the …
Persistent link: https://www.econbiz.de/10010295536
policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 …, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …
Persistent link: https://www.econbiz.de/10010304732
China hat erste Schritte unternommen, die auf eine Internationalisierung des Renminbi hindeuten. So hat das Land … zu binden, sollte China die Bandbreite für den Handel mit dem Renminbi allmählich vergrößern. Eine unabhängige …
Persistent link: https://www.econbiz.de/10011602172
gegenüber dem US-Dollar fundamental unterbewertet sei. Der Forderung, die heimische Währung deutlich aufzuwerten, hat sich China …
Persistent link: https://www.econbiz.de/10011602239
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …
Persistent link: https://www.econbiz.de/10011605438
In this Policy Contribution, Jean Pisani-Ferry observes the lack of European interest towards China's exchange policy … renminbi, and they can be expected to adopt an increasingly active stance on China's exchange rate policy. …
Persistent link: https://www.econbiz.de/10010273716
Seoul Summit on 11-12 November 2010, China committed to further reform the RMB exchange rate regime. We discuss here what a … genuine basket peg could mean for China, with the view that the weight for the EUR should obviously be significantly increased …, the SDR being a strong option for practical implementation. This would also have a positive impact on the EU. China …
Persistent link: https://www.econbiz.de/10010274952
Import competition from China is pervasive in the sense that for many good categories, the competitive environment that … US firms face in these markets is strongly driven by the prices of Chinese imports, and so is their pricing decision …
Persistent link: https://www.econbiz.de/10011430113
Persistent link: https://www.econbiz.de/10013168579