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Persistent link: https://www.econbiz.de/10002372636
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …
Persistent link: https://www.econbiz.de/10003114252
Persistent link: https://www.econbiz.de/10001663096
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … China. The paper explores the current role of China's nominal exchange rate stabilization as stabilizing factor for China … policy coordination between China and the US. The exit from unconventional low interest rate policies in the US combined with …
Persistent link: https://www.econbiz.de/10013136815
This paper attempts to assess the compatibility of China with its present dollar-based exchange rate policies … features of China are evaluated against economies implementing rigid dollar standards in practice, namely Hong Kong, Macau, and … Panama. Results suggest that conditions in China are at least as conforming as those prevailing in the reference economies …
Persistent link: https://www.econbiz.de/10013138896
premier reserve currency by the end of this decade, or early next decade. But China needs to fulfill a number of conditions … preeminence. China seems to be moving steadily in that direction, and renminbi convertibility will proceed apace not least because … it offers China's policymakers a political exit out of its mercantilist growth strategy. The United States cannot in any …
Persistent link: https://www.econbiz.de/10013120543
euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …
Persistent link: https://www.econbiz.de/10013085286
potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused - both in China and …
Persistent link: https://www.econbiz.de/10013093442
This study will demonstrate, through an econometric model in time series, if and how the Chinese basket peg has changed in relation to the weight that the European single currency holds within it. Specifically, utilizing Frankel's (1994) econometric model, as revisited by Mele (2010) enriched by...
Persistent link: https://www.econbiz.de/10012956085
China is both a major trading partner of the United States and the largest official holder of U.S. assets in the world … article explains the reasons for this large decline in official assets, what China's policy choices are, and how these choices …
Persistent link: https://www.econbiz.de/10013210469