´He, Xinhua; Qin, Duo; Liu, Yimeng - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
The familiar claim of Chinese currency manipulation is generally asserted without reference to empirical evidence. To investigate the legitimacy of the claim, we ask if the undervalued misalignment found in the real effective exchange rate (REER) of the Chinese renminbi (RMB) over the past...