An empirical analysis of China's long run equilibrium exchange rate

ISBN-13: 9783659495526 / Angielski / Miękka / 2013 / 76 str.

Ward Bert;Su Ting Ting;Gan Christopher

Opis

This study represents an empirical analysis of the extent to which Chinas 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.

O autorze

Bert Ward recently retired as Senior Lecturer in Econometrics at Lincoln University, where he now works as a research consultant in applied econometrics. He has authored numerous journal articles involving the econometric analysis of financial and monetary markets, including a recentbook on monetary unions amongst South Pacific countries.