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- W2354102018 abstract "Based on the theories of equilibrium exchange rate and used real economic fundamentals, this paper estimates RMB's real equilibrium exchange rate, analyses RMB's misalignment through cointegration model and the relations between RMB's real exchange rate and terms of trade in different periods in China from 1980 to 2002. The amelioration or deterioration of terms of trade is one of the main reasons which would lead to overvaluation or undervaluation of RMB's real exchange rate. But in different development periods of China, terms of trade have different influences on RMB's real exchange rate." @default.
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- W2354102018 date "2005-01-01" @default.
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- W2354102018 title "An Empirical Analysis on RMB Real Exchange Rate and Terms of Trade" @default.
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