The impact of yuan revaluation on the Asian region
AbstractThis paper studies how an appreciation of the yuan affects the exports of other Asian countries. It finds mixed effects. Countries that export consumer goods to China or compete in third markets benefit from yuan appreciation, while countries that supply capital goods to China lose. These findings suggest that a revaluation of the yuan may not lead to a generalised revaluation of Asian currencies.
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Bibliographic InfoPaper provided by Bank of England in its series Bank of England working papers with number 329.
Date of creation: Jul 2007
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