Frankel, Jeffrey A; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2007
China and its other trading partners manipulate their exchange rates, and (b) the nature of the Chinese exchange rate regime … bilateral deficit, though other variables also turn out to be quite important. On the issue of China's de facto exchange rate … regime, we apply the technique introduced by Frankel and Wei (1994) to estimate implicit basket weights and add several …