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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
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
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
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
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/10009533965
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
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/10011521444
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10014048983
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/10001734529
This study reconsiders the well-known cross-country positive association between prices and income by focusing on heterogeneity between the inter-developed-country and inter-developing-country relationships. Empirical results reveal not only that developed and developing countries differ in...
Persistent link: https://www.econbiz.de/10009707555