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1996
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Cambistry International exchange Exchange, Foreign Foreign exchange problem Foreign currency Currency exchange FX (Finance) Foreign money Forex Cambio extranjero Cambio internacional Cambio monetario Divisas Mercado de divisas Moneda--Cambio exterior Lien (anatomie) Devises (monnaie) Cambisme Importations de capitaux Change international Change étranger Exportations de capitauxCite this document
Sylviane Guillaumont et al., « Politique du change et développement des exportations manufacturées en Chine. », Revue économique, ID : 10.3406/reco.1996.409824
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Abstract
This paper shows how the modalities of exchange rate policy (exchange arrangements as well as rate variations) contribute to explain the strong real depreciation of the Chinese currency. It relies on an explicative model of the real exchange rate which incorporates, besides devaluation, monetary policy and price controls. It then tests the response of manufactured exports to the change of real exchange rate.