Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/26317 
Kompletter Metadatensatz
Erscheint in der Sammlung:
DublinCore-FeldWertSprache
dc.contributor.authorFunke, Michaelen
dc.contributor.authorGronwald, Marcen
dc.date.accessioned2008-04-11-
dc.date.accessioned2009-07-28T08:30:23Z-
dc.date.available2009-07-28T08:30:23Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26317-
dc.description.abstractOn 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual evolution of the renminbi over time. We utilize nonlinear dependencies in the renminbi exchange rate and describe the smooth transition of the renminbi/U.S. dollar (RMB/USD) exchange rate using the family of time-varying autoregressive (TV-AR) models. Specifically, the nonlinear models allow for a smooth transition from one optimal level to another. Our estimation results imply that the RMB/USD exchange rate will likely be about 7.10 RMB/USD in summer/autumn 2009.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2272en
dc.subject.jelC22en
dc.subject.jelF31en
dc.subject.jelF37en
dc.subject.ddc330en
dc.subject.keywordChinaen
dc.subject.keywordrenminbien
dc.subject.keywordde facto exchange rate regimeen
dc.subject.keywordTV-AR modelen
dc.subject.keywordTV-AR-GARCH modelen
dc.subject.stwWechselkursen
dc.subject.stwWechselkurssystemen
dc.subject.stwWährungskorben
dc.subject.stwAutokorrelationen
dc.subject.stwARCH-Modellen
dc.subject.stwChinaen
dc.subject.stwUSAen
dc.titleThe undisclosed renminbi basket: are the markets telling us something about where the renminbi - US dollar exchange rate is going?-
dc.typeWorking Paperen
dc.identifier.ppn561445001en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
165.12 kB





Publikationen in EconStor sind urheberrechtlich geschützt.