Over-estimated trade surplus -- On trade surplus from property rights -- Describing China's economic scale -- Foreign trade dependence and trade weighted method -- Standard for assessing exchange rate -- Stabilizing the currency and manipulating the exchange rate -- Origin and development of the...

This study establishes a rigorous theory for the recent popular enhanced-Purchasing-Power-Parity model for estimating the long run equilibrium exchange rates of currencies. The necessary and sufficient conditions for the validity of the model are derived and proved. Based on the theory, this...