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The renminbi's role in the global monetary system

Prasad, Eswar; Ye, Lei - 2012

We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … account but with significant administrative and other soft controls. The renminbi will play an increasingly important role in …

Persistent link: https://www.econbiz.de/10010282485

Processing trade, exchange rates, and the People's Republic of China's bilateral trade balances

Xing, Yuqing - 2011

This paper analyzes the role of processing trade in the People's Republic of China (PRC)'s bilateral trade balances and the impact of the yuan's appreciation on processing trade. The analysis is based on panel data covering the PRC' 51 trading partners from 1993 - 2008. The empirical analysis...

Persistent link: https://www.econbiz.de/10010286106

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/10010286138

Towards an expanded role for Asian currencies: Issues and prospects

Chow, Hwee Kwan - 2011

Notwithstanding incumbency advantages and network effects enjoyed by the United States (US) dollar, considerations about the stability of its value have led Asian countries to fear they are holding their foreign exchange reserves in a depreciating currency. At the same time, it pays for the...

Persistent link: https://www.econbiz.de/10010286157

How the iphone widens the United States trade deficit with the People's Republic of China

Xing, Yuqing; Detert, Neal - 2010

In this paper, we use the iPhone as a case to show that even high-tech products invented by United States (US) companies will not increase US exports, but on the contrary exacerbate the US trade deficit. The iPhone contributed US$1.9 billion to the US trade deficit with the People's Republic of...

Persistent link: https://www.econbiz.de/10010286165

The currency of the People's Republic of China and production fragmentation

Yamashita, Nobuaki - 2011

This paper examines how an appreciation of the currency of the People's Republic of China (PRC) - renminbi - affects …/93-2008/09. It constructs two exchange rates for renminbi: one is a bilateral real exchange rate and the other is a real effective … exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would somewhat offset a …

Persistent link: https://www.econbiz.de/10010286180

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 short...

Persistent link: https://www.econbiz.de/10010286187