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dc.contributor.authorFidrmuc, Jarkoen
dc.date.accessioned2010-08-26-
dc.date.accessioned2010-09-10T11:58:03Z-
dc.date.available2010-09-10T11:58:03Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/39842-
dc.description.abstractWe use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data between 2005 and 2009. The currency weights of selected currencies are modeled as stochastic processes (random walks). The official announcement of the new exchange rate regime in July 2005 with the introduction of a secret currency basket was followed by a smooth appreciation against the US dollar. Other currencies did not play a major role. We show that the US dollar again received a higher weight in the Chinese exchange rate policy already before the financial crisis of 2008.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3147en
dc.subject.jelG33en
dc.subject.jelG21en
dc.subject.jelC25en
dc.subject.ddc330en
dc.subject.keywordexchange rate regimeen
dc.subject.keywordKalman filteren
dc.subject.keywordfinancial crisisen
dc.subject.stwWechselkurssystemen
dc.subject.stwWährungskorben
dc.subject.stwZustandsraummodellen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwUS-Dollaren
dc.subject.stwSchätzungen
dc.subject.stwChinaen
dc.titleTime-varying exchange rate basket in China from 2005 to 2009-
dc.typeWorking Paperen
dc.identifier.ppn634002082en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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