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Your search keyword '"RENMINBI"' showing total 2 results
2 results on '"RENMINBI"'

1. Macroeconomic impacts of Chinese currency appreciation on China and the Rest of World: A global CGE analysis.

Author

Yang, Jun, Zhang, Wei, and Tokgoz, Simla

Subjects
*MACROECONOMICS, *COMPUTABLE general equilibrium models, *RENMINBI, *MONEY, *ECONOMIC development, *FOREIGN exchange rates, *INTERNATIONAL trade
Abstract

Abstract: This paper analyzes the ex-ante short-term impacts of the Chinese RMB appreciation on the Chinese and world economy, using a novel approach of modeling nominal exchange rate adjustment in the GTAP, a global CGE model. Scenario results show that Chinese economy will be affected negatively, with lower real GDP, lower employment rates, and a decline in the trade surplus. Chinese currency appreciation has positive impact on the GDP of the major countries and regions, although by a small margin. With higher Chinese exchange rate, trade balance for other trading partner countries improves with the exception of the U.S. [Copyright &y& Elsevier]

Published
2013
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2. TOP 10 EVENTS IN 2010.

Subjects
*GROSS domestic product, *MACROECONOMICS, *PRICE increases, *RENMINBI, *FOREIGN exchange rates
Abstract

The article presents the top 10 events in China in 2010. The gross domestic product (GDP) increased by 10.6% in the first three quarters of the year, with China's GDP surpassing Japan's in the second and third quarters. Policymakers strengthened macroeconomic controls due to increasing prices across the country. The People's Bank of China decided to proceed with the yuan exchange rate reform, which will be implemented on June 19.

Published
2010

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