1 option
The Overvaluation of Renminbi Undervaluation / Yin-Wong Cheung, Menzie D. Chinn, Eiji Fujii.
- Format:
- Book
- Author/Creator:
- Cheung, Yin-Wong.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w12850.
- NBER working paper series no. w12850
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for, there is little statistical evidence that the RMB is undervalued. The result is robust to various choices of country samples and sample periods, as well as to the inclusion of control variables.
- Notes:
- Print version record
- January 2007.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.