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Renminbi's Misalignment : A Meta-Analysis

Bineau, Yannick - 2011

This paper presents the results of a meta-regression analysis of empirical estimates of Renminbi misalignments. Seventeen articles and 130 observations dealing with empirical estimates of the misalignment of Chinese currency are collected. This meta-analysis shows that real exchange rate...

Persistent link: https://www.econbiz.de/10013121960

RMB Undervaluation and Appreciation

Zhang, Zhibai - 2012

appreciation path satisfies the interests of both China and the US …

Persistent link: https://www.econbiz.de/10013101322

Understanding the Behavioral Equilibrium Exchange Rate Model Via its Application to the Valuation of Chinese Renminbi

Zhang, Zhibai - 2012

In this paper, the behavioral equilibrium exchange rate (BEER) model used in a time-series setting is investigated, via its application to the valuation of Chinese renminbi. A classical definition with its generalization is given. The different misalignment results derived from the BEER models...

Persistent link: https://www.econbiz.de/10013102922

Exchange Rate Misalignment - The Case of the Chinese Renminbi

Cheung, Yin-Wong - 2013

Assessing exchange rate misalignment is not an easy task. With reference to the debate on the value of China's currency …

Persistent link: https://www.econbiz.de/10013091077

The Implications of Liquidity Expansion in China for the US Dollar

Kang, Wensheng - 2016

years with growing importance of China's money supply to global liquidity. We develop out-of-sample forecasts of the US …, China and non-US/non-China liquidity. Monetary model forecasts significantly outperform a random walk forecast in terms of … indicates changes over time in the influence of variables in forecasting the US dollar. China's liquidity has a distinct …

Persistent link: https://www.econbiz.de/10013000233

Persistent Imbalances : The Impact of Exchange Rate Appreciation on China's Trade Balances

Dimpfl, Thomas - 2019

China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a … investigating bilateral trade balances between China and 11 of her main trading partners. Being the first to use structural … variance decompositions. We find a negative reaction of the trade balance when the Chinese RMB appreciates for most of China …

Persistent link: https://www.econbiz.de/10012899706

Exchange Rate Transmission into Industry-Level Export Prices : A Tale of Two Policy Regimes in India

Mallick, Sushanta - 2008

In the 1990s, India initiated extensive policy reforms that included the adoption of a flexible exchange rate regime and an acceleration of trade liberalization. This paper analyzes the impact of the policy reforms on exchange rate pass-through into export prices using sectoral panel data (at...

Persistent link: https://www.econbiz.de/10012770854

Structural Changes in the RMB Exchange Rate Mechanism

Su, Guanyu - 2020

This paper examines structural changes in the exchange rate mechanism of China. For this purpose, we propose a …

Persistent link: https://www.econbiz.de/10012824623

The Implications of Liquidity Expansion in China for the Us Dollar

Kang, Wensheng - 2017

Persistent link: https://www.econbiz.de/10012970151

How is the RMB Exchange Rate Misaligned? A Recent Application of Behavioral Equilibrium Exchange Rate (BEER) to China

Cui, Yuming - 2016

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 …

Persistent link: https://www.econbiz.de/10013007133