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indices, for Japan, China, and Korea on a monthly basis from January 2001 to February 2013 in order to provide a better …
Persistent link: https://www.econbiz.de/10014150508
This paper measures the industry‐specific real effective exchange rate (REER) for China by matching domestic and …
Persistent link: https://www.econbiz.de/10014153411
developing economies such as China, whose unemployed amount to 150 million people. On the contrary, we show that China is facing … is highly questionable. The final section analyzes the adoption of a managed float regime by the Popular Bank of China … and discusses the delicate issue of the best exchange rate regime for China …
Persistent link: https://www.econbiz.de/10014056516
This paper argues that China's exchange rate policy played a critical role in its FDI boom. Devaluation of the Yuan … (Renminbi) and the policy of pegging the Yuan to the Dollar both improved China's competitiveness in attracting Foreign Direct … Japanese direct investment in China. The devaluation of the Yuan substantially enhanced inflows of direct investment from Japan …
Persistent link: https://www.econbiz.de/10014061589
We employ a threshold vector error correction model approach to investigate the impact of China's exchange rate … impact of post-reform policy interventions by the People's Bank of China (PBoC) on CNY-CNH linkage. We find that, after the …
Persistent link: https://www.econbiz.de/10014383555
This paper studies China's foreign exchange system before and after the 1994 unification of the official and swap …
Persistent link: https://www.econbiz.de/10014085541
This paper analyzes the progress of RMB internationalization by considering the effect of Shanghai Pilot Free Trade Zone (FTZ) specifically. Different from other literature that just focus on introducing policies and giving general descriptions about the influence of Shanghai FTZ, we use...
Persistent link: https://www.econbiz.de/10013029045
We analyze the unique intervention strategy of the BCB using DNDFs (Domestic-Non-Deliverable Forwards): currency forwards that settle in domestic currency. We show the mechanisms through which DNDFs provide efficient hedging instruments for economic agents in times of reduced capital inflows and...
Persistent link: https://www.econbiz.de/10010353428
This paper studies the determinants of pricing-to-market at the firm-level, with a particular focus on the role of firm-specific and policy-induced market power. We use a large dataset containing export values and quantities by product and destination for all exporting firms in 12 developing and...
Persistent link: https://www.econbiz.de/10010499520
Asian countries (China, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam) becomes more …
Persistent link: https://www.econbiz.de/10011408871