This paper estimates how changes in China's exchange rates would affect exports from competitor countries in third-country markets -- in other words, the "spillover effect." The authors use recent theory to develop an identification strategy, with a key role for the competition between China and its developing country competitors in specific products and export destinations. Using disaggregated trade data, they estimate the spillover effect by exploiting...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2012/03/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS5989
-
1
-
1
-
2012/03/01
-
Disclosed
-
Spillover effects of exchange rates : a study of the Renminbi
-
Exchange Rates