Is the renminbi undervalued?

Jan Lemmen

No 166, CPB Memorandum from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: A debate has raged whether and to what extent the renminbi has been undervalued. To answer this question this memorandum is first interested in the level of China’s “equilibrium” (real effective) exchange rate. Secondly, this memorandum is interested in the methodology to determine the equilibrium exchange rate.A survey of the literature concludes toward a renminbi undervaluation of about 25% in real effective terms. This undervaluation is not expected to disappear any time soon.

JEL-codes: F31 O24 O53 (search for similar items in EconPapers)
Date: 2006-10
New Economics Papers: this item is included in nep-cba, nep-cna, nep-dev and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cpb.nl/sites/default/files/publicaties/download/memo166.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpb:memodm:166

Access Statistics for this paper

More papers in CPB Memorandum from CPB Netherlands Bureau for Economic Policy Analysis Contact information at EDIRC.
Bibliographic data for series maintained by ().