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, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …
Persistent link: https://www.econbiz.de/10010304732
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual … evolution of the renminbi over time. We utilize nonlinear dependencies in the renminbi exchange rate and describe the smooth … transition of the renminbi/U.S. dollar (RMB/USD) exchange rate using the family of time-varying autoregressive (TV-AR) models …
Persistent link: https://www.econbiz.de/10010264340
Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange … reserves, influential US policymakers are urging the Chinese authorities to allow a substantial appreciation of the Renminbi … of the present international economy and of China's financial system. Indeed, the record growth of China's exports to the …
Persistent link: https://www.econbiz.de/10011790336
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 equilibrium … exchange rate (BEER) and permanent equilibrium exchange rate (PEER) models.Our results suggest that, while the renminbi is …
Persistent link: https://www.econbiz.de/10012148475
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 … renminbi is somewhat undervalued against the dollar, the misalignment is not nearly as exaggerated as many popular claims. …
Persistent link: https://www.econbiz.de/10005648633
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. …
Persistent link: https://www.econbiz.de/10010602014
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. …
Persistent link: https://www.econbiz.de/10011195566
Persistent link: https://www.econbiz.de/10011760877
Persistent link: https://www.econbiz.de/10013329874
Persistent link: https://www.econbiz.de/10014317084