Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/122945
Authors: 
Garroway, Chris
Hacibedel, Burcu
Reisen, Helmut
Turkisch, Edouard
Year of Publication: 
2012
Citation: 
[Journal:] The World Economy [Volume:] 35 [Year:] 2012 [Issue:] 3 [Pages:] 273–294
Abstract: 
The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning growth in developing countries, especially in large dual economies such as China and India. iii) New empirical evidence on growth linkages between China and poor countries for the last two decades and on potential displacement effects of renminbi (RMB) appreciation.
Subjects: 
Renminbi
China impact
JEL: 
F15
F31
Persistent Identifier of the first edition: 
Document Type: 
Article

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