Frankel, Jeffrey Alexander; Wei, Shang-Jin - National Bureau of Economic Research (NBER) - 2007
China and America's other trading partners manipulate their exchange rates, and (b) the nature of the Chinese exchange rate … bilateral deficit, though other variables also turn out to be quite important. On the issue of China's de facto exchange rate … regime since July 2005. On the first issue, we investigate the roles of economic variables consistent with the IMF definition …