[eng] This paper shows how the modalities of exchange rate policy (exchange arrangements as well as rate variations) contribute to explain the strong real depreciation of the Chinese currency. It relies on an explicative model of the real exchange rate which incorporates, besides devaluation,...

Since several years China has been put under a strong pressure of international community in order that she revaluates the renminbi, generally considered as undervaluated, because of the rapid growth of labour productivity. However, this last one accelerated since 1994, when China, instead of...

By proposing a real exchange rate augmented Cobb-Douglas production function, it is demonstrated that the real exchange rate exerts multiple effects on economic growth. If a real appreciation has negative effects on growth by deteriorating international competitiveness in the tradable sector and...

A novel PdAg/TiO2 nanofiber electrocatalyst for methanol oxidation was fabricated by using TiO2 nanofiber as support. The structural and electrochemical properties of the PdAg/TiO2 nanofiber catalyst were characterized by XRD (X-ray diffraction), TEM (the transmission electron microscopy) and...

This article studies the effect of exchange rate regimes on the dramatic growth of the trade between China and Sub-Saharan Africa. A real exchange rate augmented gravity model shows that the exports of China?s manufactured goods are stimulated by the real depreciation of the renminbi against...