This paper attempts to assess how compatible China is with respect to its dollar-based exchange rate regime. Assessment … endogenous problem in OCA analysis and this view of convergence criteria, the relevant features of China are evaluated against … conditions in China broadly conform to those prevailing in these economies which maintain strong links to the US dollar. …

using a Chinese firm-level production data and a firm-level trade data over the period of 2000-2006. The author adopts a …

veer out of control frequently and overheat the economy. China’s persistent trade surplus is fundamentally linked to the …Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector …

Given that the value of China’s currency has been hot topic recently, this paper explores the equilibrium levels of … China’s real and nominal exchange rates. Employing a Johansen cointegration framework, we focus on the behavioral …

This working paper assesses the progress made in improving China’s exchange rate policies over the past five years … (that is, since 2002). I first discuss four indicators of progress on China’s external imbalance and its exchange rate … policies—namely, the change in (and level of) China’s global current account position, movements in the real effective exchange …

In this paper the author argues that China's exchange rate policy is seriously flawed given its current macroeconomic …-valued; (ii) China has been "manipulating" its currency, contrary to the IMF rules of the game; (iii) it is in China's own … interest, as well as in the interest of the international community, for China to initiate an appreciation of the RMB soon; and …

Many argue that the yuan needs to appreciate to rebalance the People's Republic of China's trade. However, empirical … evidence on the effects of a CNY appreciation on the People's Republic of China's exports has been mixed for the largest … category of exports, processed exports. Since much of the value-added of these goods comes from parts and components produced …

Enormous trade surpluses are problematic for the Peoples 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 PRCs imports for … processing and processed exports. The results indicate that an appreciation throughout East Asian supply chain countries would …

In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the …; risk of capital loss on the foreign exchange holdings; and the threat of retaliation by China's trading partners. A …