EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/25963
  
Title:The overvaluation of Renminbi undervaluation PDF Logo
Authors:Cheung, Yin-Wong
Chinn, Menzie D.
Fujii, Eijii
Issue Date:2007
Series/Report no.:CESifo working paper 1918
Abstract:We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for, there is little statistical evidence that the RMB is undervalued. The result is robust to various choices of country samples and sample periods, as well as to the inclusion of control variables.
JEL:F31
F41
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
538030798.PDF642.12 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/25963

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.