Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/30020 
Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Economics Discussion Papers No. 2010-8
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The estimation is based on a commonly used economic approach, but with a wider and more up-to-date coverage of data and a more extensive use of econometric modelling techniques. Our estimates corroborate and explain most of the previous estimates. More importantly, our estimates demonstrate that there is no significant undervaluation in the REER of the RMB though downward misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is the primary and necessary solution to the current global trade imbalance.
Schlagwörter: 
Real exchange rate misalignment
JEL: 
F31
F41
Creative-Commons-Lizenz: 
cc-by-nc Logo
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
116.37 kB





Publikationen in EconStor sind urheberrechtlich geschützt.