China : sources of real exchange rate fluctuations

Label

China : sources of real exchange rate fluctuations

Title remainder

sources of real exchange rate fluctuations

Statement of responsibility

prepared by Tao Wang

Title variation

China, sources of real exchange rate fluctuations

Creator

• Wang, Tao, Ms

Contributor

• International Monetary Fund, Asia and Pacific Department

Author

• Wang, Tao, Ms

Issuing body

• International Monetary Fund, Asia and Pacific Department

Subject

• China -- Economic conditions | Econometric models
• Foreign exchange rates -- China -- Econometric models

Language

eng

Summary

This paper reviews the evolution of China's real effective exchange rate between 1980 and 2002, and uses a structural vector autoregression model to study the relative importance of different types of macroeconomic shocks for fluctuations in the real exchange rate. The structural decomposition shows that relative real demand and supply shocks account for most of the variations in real exchange rate changes during the estimation period. The paper also finds that supply shocks are as important as nominal shocks in accounting for real exchange rate fluctuations, in contrast with other studies that show that, in industrial countries, nominal shocks are more important in explaining real exchange rate fluctuations

Member of

• IMF working paper, WP/04/18

Action

digitized

Cataloging source

OCLCE

Dewey number

332.4560951

Government publication

international or intergovernmental publication

Illustrations

illustrations

Index

no index present

LC call number

HG3881.5.I58

LC item number

W67 no.04/18

Literary form

non fiction

Nature of contents

• dictionaries
• bibliography

Series statement

IMF working paper

Series volume

WP/04/18