Read Estimating China's "Equilibrium" Real Exchange Rate

Estimating China's "Equilibrium" Real Exchange Rate

Steven Vincent Dunaway

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Description:The number of studies attempting to estimate the equilibrium real value of China's currency has proliferated in recent years as the country's presence in world markets has grown. These studies have sought to establish whether or not a significant part of China's competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately, no consensus has emerged because the studies yield a very wide range of estimates. The paper looks at a sample of these studies, with estimates of undervaluation ranging from zero to nearly 50 percent. It attributes the wide variation in these estimates to the influence of such factors as the different methodologies used, explanatory variables included, subjective judgments of the various researchers in deriving their results, and instability in underlying economic relationships, especially in a rapidly developing economy like China.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Estimating China's "Equilibrium" Real Exchange Rate. To get started finding Estimating China's "Equilibrium" Real Exchange Rate, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 12

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2013

ISBN: 1283515571

Description: The number of studies attempting to estimate the equilibrium real value of China's currency has proliferated in recent years as the country's presence in world markets has grown. These studies have sought to establish whether or not a significant part of China's competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately, no consensus has emerged because the studies yield a very wide range of estimates. The paper looks at a sample of these studies, with estimates of undervaluation ranging from zero to nearly 50 percent. It attributes the wide variation in these estimates to the influence of such factors as the different methodologies used, explanatory variables included, subjective judgments of the various researchers in deriving their results, and instability in underlying economic relationships, especially in a rapidly developing economy like China.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Estimating China's "Equilibrium" Real Exchange Rate. To get started finding Estimating China's "Equilibrium" Real Exchange Rate, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Estimating China's "Equilibrium" Real Exchange Rate

Estimating China's "Equilibrium" Real Exchange Rate

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