For the past several years, the revaluation of the renminbi has been a hot topic among policy makers and economists as … empirical test is also introduced to identify the current degree of misalignment of the renminbi compared to its estimated …

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 …

Balassa-Samuelson effect makes amendment to this theory; however, its conclusion is just the opposite of China's condition … conforming to China's condition and make verification based on the current situation, which gives a good explanation of the …

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 …