| An empirical analysis of China's long run equilibrium exchange rate Contributor(s): Ward, Bert (Author), Su, Ting Ting (Author), Gan, Christopher (Author) |
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ISBN: 3659495522 ISBN-13: 9783659495526 Publisher: LAP Lambert Academic Publishing OUR PRICE: $36.83 Product Type: Paperback Published: November 2013 |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking |
| Physical Information: 0.18" H x 6" W x 9" (0.27 lbs) 76 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This study represents an empirical analysis of the extent to which China's currency deviates from its long run equilibrium path. The research is based on a cointegrated econometric model of the exchange rate between the Chinese RMB and the American dollar. Using the econometric model, a series of long run equilibrium values for the RMB/USA rate is computed, which is then compared to its historical values in order to derive a time path for extent of disequilibrium. |