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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...
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The debate regarding the usage of domestic currency versus dollarizing an economy is still robust in many developing countries. Dollarizing an economy commonly entails dollarizing bank deposits and loans, transacting in dollars and tagging prices of goods and services in dollar. In Tanzania,...
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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 half of the US in the next ten years consistent with the fast … growth expectations in China. Secondly, we assume that China initially runs a net export surplus against the US. Then we …
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In 2005, China abated its fixed exchange rate against the U.S. dollar and began to appreciate the Renminbi (RMB). In … this paper, I explore the effect of the appreciation of the RMB on imports to the U.S. from China by augmenting the gravity … the U.S. dollar significantly reduced imports to the U.S. from China. This finding is robust to a variety of econometric …
Persistent link: https://www.econbiz.de/10013128107
In 2005, China abated its fixed exchange rate against the U.S. dollar and began to appreciate the Renminbi (RMB). In … this paper, I explore the effect of the appreciation of the RMB on imports to the U.S. from China by augmenting the gravity … the U.S. dollar significantly reduced imports to the U.S. from China. This finding is robust to a variety of econometric …
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