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EBOOK
Author Dunaway, Steven Vincent,
Title Estimating China's "equilibrium" real exchange rate / prepared by Steven Dunaway and Xiangming Li.
Imprint [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept. and Policy Development and Review Dept., 2005.

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LOCATION CALL # STATUS MESSAGE
 OHIOLINK IMF EBOOKS    ONLINE  
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Author Dunaway, Steven Vincent,
Series IMF working paper ; WP/05/202
IMF working paper ; WP/05/202.
Subject Foreign exchange rates -- China.
Purchasing power purity.
Alt Name Li, Xiangming (Economist),
International Monetary Fund. Asia and Pacific Department and Policy Development and Review Department,
Add Title Extimating China's "equilibrium" real exchange rate online
Description 1 online resource (10 pages)
Summary The number of studies attempting to estimate the "equilibrium" real value of China's currency has proliferated in recent years as the country's presence in world markets has grown. These studies have sought to establish whether or not a significant part of China's competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately, no consensus has emerged because the studies yield a very wide range of estimates. The paper looks at a sample of these studies, with estimates of undervaluation ranging from zero to nearly 50 percent. It attributes the wide variation in these estimates to the influence of such factors as the different methodologies used, explanatory variables included, subjective judgments of the various researchers in deriving their results, and instability in underlying economic relationships, especially in a rapidly developing economy like China.
Note Print version record.
Contents Contents -- I. INTRODUCTION -- II. THE MACROECONOMIC BALANCE APPROACH -- III. THE EXTENDED PURCHASING POWER PARITY APPROACH -- IV. CONCLUDING REMARKS -- References
Note English.
ISBN 1283515571
9781283515573
1462303412
9781462303410
1452728976
9781452728971
1451907575
9781451907575
9786613828026
6613828025
OCLC # 694141028
Additional Format Print version: Dunaway, Steven Vincent. Estimating China's "equilibrium" real exchange rate. [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept. and Policy Development and Review Dept., 2005 (OCoLC)63766868



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