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Just how undervalued is the Chinese renminbi

Funke, Michael; Rahn, Jörg - 2004

exchange rate (BEER) and permanent equilibrium exchange rate (PEER) models.Our results suggest that, while the renminbi is …

Persistent link: https://www.econbiz.de/10012148475

Is the Renminbi undervalued? : the myths of China's trade surplus and global imbalances

Plasschaert, Sylvain - 2011

reserves, influential US policymakers are urging the Chinese authorities to allow a substantial appreciation of the Renminbi …

Persistent link: https://www.econbiz.de/10008840269

The yuan's exchange rates and pass-through effects on the prices of Japanese and US imports

Xing, Yuqing - 2010

This paper estimated the pass-through effects of yuan’s exchange rates on prices of the US and Japanese imports from the People's Republic of China (PRC). Empirical results show that, a 1% nominal appreciation of the yuan would result in a 0.23% increase in prices of the US imports in the...

Persistent link: https://www.econbiz.de/10003983426

How would an appreciation of the yuan affect the People's Republic of China's surplus in processing trade?

Thorbecke, Willem - 2010

Enormous trade surpluses are problematic for the People's Republic of China (PRC) and the rest of the world. They primarily stem from processing trade. This paper investigates how exchange rate changes would affect the PRC's imports for processing and processed exports. The results indicate that...

Persistent link: https://www.econbiz.de/10003983431

Bilateral exchange rates and jobs

Bekkers, Eddy; Francois, Joseph F. - 2012

We study the labor market effects of bilateral exchange rate realignment. We place emphasis on the composition of trade, the role of intermediates, and the underlying conditions of the labor market. Employment effects hinge on the fraction exported to and imported from the trading partner. A...

Persistent link: https://www.econbiz.de/10009545810

Transpacific imbalances and macroeconomic codependency

Thorbecke, Willem - 2011

Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper argues that this strategy is causing macroeconomic...

Persistent link: https://www.econbiz.de/10009267746

Investigating China's disaggregated processed exports : evidence that the RMB matters

Thorbecke, Willem - 2012

the renminbi should not. To investigate these issues, this paper disaggregates processed exports into their two main … least squares (DOLS) results indicate that East Asian exchange rates affect both types of exports and that the renminbi … indicate that the renminbi matters for aggregate processed exports. …

Persistent link: https://www.econbiz.de/10009424753

Global imbalances, current account rebalancing and exchange rate adjustments

Arslan, Yavuz; Kilinc̦, Mustafa; Turhan, M. Ibrahim - 2011

We analyze the global imbalances and the required adjustments for rebalancing in current accounts and real exchange rates. We set up a two-country two-sector model for the US-China with two asymmetries. First, we assume that the size of China initially is one third of the US but its size becomes...

Persistent link: https://www.econbiz.de/10009407603

Issues for renminbi internationalization : an overview

Eichengreen, Barry; Kawai, Masahiro - 2014

(GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB …

Persistent link: https://www.econbiz.de/10010231420

China's capital controls : through the prism of covered interest differentials

Cheung, Yin-Wong; Herrala, Risto - 2013 - This Version: August 2013

We study the renminbi (RMB) covered interest differential - an indicator of the effectiveness of capital controls. It …

Persistent link: https://www.econbiz.de/10009786004