RMB Equilibrium Exchange Rate and China's Foreign Trade

Author: Zhang Jing, Wang Shouyang
Publisher:
Publish Date: 2005-09-01
Features: The authors of this book use techniques such as cointegration and error correction models to test whether the purchasing power parity holds for the RMB exchange rate, and take this as the starting point for studying the equilibrium exchange rate of the RMB. Based on China's national conditions, they propose a modified ERER model.