Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eiji - In: Proceedings (2005)
The Renminbi (RMB) is evaluated using relative PPP, absolute PPP, and Balassa-Samuelson criteria. We find that some approaches imply substantial undervaluation of the RMB, while others imply little or none. Yet a few others indicate slight overvaluation. However, even when the estimated degrees...