Whalley, John; Wang, Li - National Bureau of Economic Research (NBER) - 2007
exchange rate appreciation on trade flows and country surpluses using a general equilibrium trade model with a simple monetary … dependent, suggest that the impacts of Renminbi (RMB) revaluation on the surplus are proportionally larger than on trade flows … revalue, there is a need to examine commercial policy in more than a pure barter model. Here we evaluate the joint impacts of …