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Yuan Real Exchange Rate Undervaluation, 1997-2006 : How Much, How Often? Not Much, Not Often

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Yuan real effective exchange rate misalignment is estimated in a behavioral equilibrium exchange rate (BEER) model for the period 1997 to third quarter 2007. Using the Beveridge-Nelson decomposition a vector error correction model (VECM) of the exchange rate as a function of macroeconomic...

Persistent link: https://www.econbiz.de/10012720064