The Real Exchange Rate And Employment In China
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The Real Exchange Rate And Employment In China
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Author : Ms.Ruo Chen
language : en
Publisher: International Monetary Fund
Release Date : 2011-06-01
The Real Exchange Rate And Employment In China written by Ms.Ruo Chen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-01 with Business & Economics categories.
We examine the impact of real exchange rate fluctuations on sectoral and regional employment in China from 1980 to 2008. In contrast to theoretical predictions, employment in both the tradable and non-tradable sectors contracts following a real appreciation. Our results are robust across different sub-samples, levels of sectoral disaggregation, and are more pronounced for regions with higher export exposure. We attribute our findings to the importance of services as intermediate input in exportable production. We test this channel of exchange rate transmission using regional input-output tables linked with employment data at the region-sector level. The results of this paper have important implications for China's labor market adjustment should the Chinese RMB strengthen in the future. To mitigate the costs of short-run labor market adjustment, appropriate demand management and structural reforms in the non-traded sectors should play an important role.
China S Trade Exchange Rate And Industrial Policy Structure
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Author : John Whalley
language : en
Publisher: World Scientific
Release Date : 2013
China S Trade Exchange Rate And Industrial Policy Structure written by John Whalley and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Political Science categories.
This book aims at assessing the potential impacts of China''s macro economic, trade, exchange rate and reserve management policies for industrial structure and performance. It uses data analysis and econometric methods applied to recent Chinese data. It has a special focus on the performance of the Chinese economy both during and after the 2008 global financial crisis. The book will be of interest to researchers and practitioners in governmental and international agencies both in China and outside of the country.
China S Currency An Analysis Of The Economic Issues
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Author :
language : en
Publisher: DIANE Publishing
Release Date : 2007
China S Currency An Analysis Of The Economic Issues written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Many Members of Congress charge that China's policy of accumulating foreign reserves (especially U.S. dollars) to influence the value of its currency constitutes a form of currency manipulation intended to make its exports cheaper and imports into China more expensive than they would be under free market conditions. They further contend that this policy has caused a surge in the U.S. trade deficit with China and has been a major factor in the loss of U.S. manufacturing jobs. Although China made modest reforms to its currency policy in 2005, resulting in a modest appreciation of its currency, many Members contend the reforms have not gone far enough and have warned of potential legislative action. This report summarizes the main findings in CRS Report RL32165, China's Currency: Economic Issues and Options for U.S. Trade Policy, by Wayne M. Morrison and Marc Labonte, and will be updated as events warrant.
Estimating China S Equilibrium Real Exchange Rate
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Author : Steven Vincent Dunaway
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2005-10-01
Estimating China S Equilibrium Real Exchange Rate written by Steven Vincent Dunaway and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-01 with categories.
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.
Currencies And Globalization
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Author : Marcy L. Ferrington
language : en
Publisher: Nova Publishers
Release Date : 2007
Currencies And Globalization written by Marcy L. Ferrington and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Currencies are often the targets of speculators and the sometimes reflections and engines of a country's prosperity. They affect consumption rates, political stability and industrial success. Exchange rates are carefully set and endlessly analysed and changed. This book presents leading contemporary issues related to currencies and globalisation.
How Robust Are Estimates Of Equilibrium Real Exchange Rates
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Author : Steven Vincent Dunaway
language : en
Publisher:
Release Date : 2006
How Robust Are Estimates Of Equilibrium Real Exchange Rates written by Steven Vincent Dunaway and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Equilibrium (Economics) categories.
Increased attention is being paid to assessments of the actual values of countries' real exchange rates relative to their "equilibrium" values as suggested by "fundamental" determining factors. This paper assesses the robustness of alternative approaches and models commonly used to derive equilibrium real exchange rate estimates. Using China's currency to illustrate this analysis, the variance in estimates raises serious questions regarding how robust the results are. The basic conclusion from the tests used here is that, at least for China, small changes in model specifications, explanatory variable definitions, and time periods used in estimation can lead to very substantial differences in equilibrium real exchange rate estimates. Thus, such estimates should be treated with great caution.
The Future Of China S Exchange Rate Policy
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Author : Morris Goldstein
language : en
Publisher: Peterson Institute
Release Date : 2009
The Future Of China S Exchange Rate Policy written by Morris Goldstein and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with China categories.
China And Asia
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Author : Yin-Wong Cheung
language : en
Publisher: Routledge
Release Date : 2008-12-05
China And Asia written by Yin-Wong Cheung and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-05 with Business & Economics categories.
This book places China in the Asian international economic context, suggesting that the importance of China has sometimes been misunderstood and comparing it with the earlier Japanese experiences in a new, refreshing way.
From Trade Surplus To The Dispute Over The Exchange Rate
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Author : Xin Li
language : en
Publisher: World Scientific
Release Date : 2016-02-29
From Trade Surplus To The Dispute Over The Exchange Rate written by Xin Li and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-29 with Business & Economics categories.
' Since 2005, China has been accused of causing the trade deficit and manipulating the exchange rate. At the same time, there have been arguments against the RMB appreciation. The reason for this conflict is the lack of quantitative research or elaboration on many extremely important indicators. To correctly describe the industrial chain and value-added process around the world, it is necessary to identify data by using new methods and separating the processing trade from the non-processing trade based on the Global Trade Analysis Project (GTAP) data. This book establishes a Global Multi-department Computable General Equilibrium (GMCGE) model based on the continuous global input-output database. It focuses on the Computable General Equilibrium (CGE) model that constructs a consistent interaction mechanism within the economic system and fully reflects the general equilibrium characteristics and thus tries to avoid the limitations of the partial equilibrium model. It shows how the GMCGE framework can distinguish the processing trade from non-processing trade in the input-output data, and at the same time ensure the endogenous equilibrium of the social accounting matrix (SAM) after distinction. Contents:Overestimated Trade SurplusOn Trade Surplus From Property RightsInterpreting the Economic Scale of ChinaForeign Trade Dependence and Trade Weighted MethodThe Standard in Judging the Exchange RateStabilizing the Currency and Manipulating the Exchange RateOrigin and Development of the High Saving RateComputable General Equilibrium Model for Exchange Rate ResearchEffect of the Exchange Rate on EmploymentThe Impact of the Exchange Rate Adjustment on Import and ExportRange and Path of RMB AppreciationEconomic Sanctions and Free TradeThe Debate is Far From Over Readership: Academics, undergraduate and graduate students, professionals interested in China''s economic development, trade surplus and RMB appreciation. Keywords:Trade Surplus;Exchange Rate;Value-Added Trade;CGE Model'
China S Exchange Rate Regime
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Author : China Development Research Foundation
language : en
Publisher: Routledge
Release Date : 2014-12-05
China S Exchange Rate Regime written by China Development Research Foundation and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-05 with Business & Economics categories.
The imbalance between China’s currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China’s exchange rate mechanism in 2005, following which the RMB appreciated 17% against the US dollar, but many people argue that further reform is still needed. This book reports on a major research project undertaken following the 2005 reform to assess the impact on China’s economy. It considers the impact in a number of areas of the economy, including export-oriented companies, the banking industry, international trade, international capital flows, and China’s macroeconomic policy. It concludes that the policies pursued so far have been correct, and that further reform, both to the exchange rate, and to the system overall, would be desirable, but that any reform should be gradual and incremental, preserving economic stability, and integrating changes with reform in other parts of the economy.