Relying on new cointegration framework with structural breaks in the deterministic trend, this article employs the … behavioral equilibrium exchange rate (BEER) approach to estimate the equilibrium real exchange rate of Renminbi (RMB) and … exchange rate misalignment in China from 1994Q1 to 2007Q4. The main findings of the article are that RMB was overvalued during …

The paper examines misalignment of the Turkish lira between 1998 to 2008. Misalignment, specifically overvaluation has … floating exchange rate regime, we contribute to the literature on the relation between misalignment and exchange rate regimes …. We first estimate the equilibrium real exchange rate for Turkey, then compute misalignment and finally test for …

China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the behavioral equilibrium … exchange rate (BEER) and permanent equilibrium exchange rate (PEER) models.Our results suggest that, while the renminbi is … somewhat undervalued against the dollar, the misalignment is not nearly as exaggerated as many popular claims. …

renminbi is somewhat undervalued against the dollar, the misalignment is not nearly as exaggerated as many popular claims. … China’s real and nominal exchange rates. Employing a Johansen cointegration framework, we focus on the behavioral …

The paper examines misalignment of the Turkish lira between 1998 and 2011. We first estimate the equilibrium real … exchange rate for Turkey, then compute misalignment and finally test for structural breaks in the misalignment series. Through …

(GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB …

This paper provides an overview of the potential international role of the renminbi (RMB). Reviewing the current state …

This paper provides an overview of the potential international role of the renminbi (RMB). Reviewing the current state …