An Empirical Analysis of China's Long Run Equilibrium Exchange Rate

Released on by Bert Ward
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  • An Empirical Analysis of China's Long Run Equilibrium Exchange Rate Book Detail

  • Author : Bert Ward
  • Release Date : 2013
  • Publisher : LAP Lambert Academic Publishing
  • Genre :
  • Pages : 76
  • ISBN 13 : 9783659495526
  • File Size : 26,26 MB
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An Empirical Analysis of China's Long Run Equilibrium Exchange Rate by Bert Ward PDF Summary

Book Description: This study represents an empirical analysis of the extent to which China's currency deviates from its long run equilibrium path. The research is based on a cointegrated econometric model of the exchange rate between the Chinese RMB and the American dollar. Using the econometric model, a series of long run equilibrium values for the RMB/USA rate is computed, which is then compared to its historical values in order to derive a time path for extent of disequilibrium.

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China's Growing Role in World Trade

China's Growing Role in World Trade

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In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial i