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E-book
Author Wang, Tao, Ms, author

Title China : sources of real exchange rate fluctuations / prepared by Tao Wang
Published Washington, D.C. : International Monetary Fund, [2004]
©2004
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Description 1 online resource (22 pages) : illustrations
Series IMF working paper ; WP/04/18
IMF working paper ; WP/04/18
Summary This paper reviews the evolution of China's real effective exchange rate between 1980 and 2002, and uses a structural vector autoregression model to study the relative importance of different types of macroeconomic shocks for fluctuations in the real exchange rate. The structural decomposition shows that relative real demand and supply shocks account for most of the variations in real exchange rate changes during the estimation period. The paper also finds that supply shocks are as important as nominal shocks in accounting for real exchange rate fluctuations, in contrast with other studies that show that, in industrial countries, nominal shocks are more important in explaining real exchange rate fluctuations
Bibliography Includes bibliographical references (pages 21-22)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange rates -- China -- Econometric models.
China -- Economic conditions -- Econometric models.
Form Electronic book
Author International Monetary Fund. Asia and Pacific Department, issuing body
ISBN 128108963X
1451891520
9781281089632
9781451891522
Other Titles China, sources of real exchange rate fluctuations