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dc.contributor.authorYamashita, Nobuakien_US
dc.date.accessioned2011-12-06en_US
dc.date.accessioned2011-12-15T12:27:29Z-
dc.date.available2011-12-15T12:27:29Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53713-
dc.description.abstractThis paper examines how an appreciation of the currency of the People's Republic of China (PRC) - renminbi - affects the country's exports in the context of production fragmentation, using a panel data set of the PRC's trade for 1992/93-2008/09. It constructs two exchange rates for renminbi: one is a bilateral real exchange rate and the other is a real effective exchange rate against East Asian component suppliers. It is found that appreciation of the renminbi would somewhat offset a reduction in the volume of the PRC's exports induced by lower importing costs of components. Hence, evidence casts further doubts on the efficacy of further unilateral reform of the renminbi exchange rate regime on correcting trade imbalances.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 327en_US
dc.subject.jelF14en_US
dc.subject.jelF23en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.stwRenminbien_US
dc.subject.stwAufwertungen_US
dc.subject.stwAußenhandelseffekten_US
dc.subject.stwAußenhandelsstrukturen_US
dc.subject.stwChinaen_US
dc.titleThe currency of the People's Republic of China and production fragmentationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn678425612en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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