Wang, Jiao; Ji, Andy G. - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2006
between China and its top trading partners. The empirical evidence suggests exchange rates (both real and nominal) do not … exert a significant influence on the overall exports from China. Thus, a devaluation or revaluation of the yuan should be … expected to have only limited impact on China’s trade balance. Moreover, previous studies provide limited evidence of a …