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Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States

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  • Ronald McKinnon

Abstract

Comprising original and never-before-published papers by distinguished economists, this book offers insights about lessons that were or should have been learned from recent outbreaks of such crises in East Asia and elsewhere. Recent Financial Crises also presents a set of econometric studies of issues such as labor market behavior, investment and productivity, and exchange rate adjustments.
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Suggested Citation

  • Ronald McKinnon, 2005. "Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States," Hi-Stat Discussion Paper Series d05-103, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hst:hstdps:d05-103
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    File URL: http://hi-stat.ier.hit-u.ac.jp/research/discussion/2005/pdf/D05-103.pdf
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    References listed on IDEAS

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    1. Ronald I. McKinnon & Kenichi Ohno, 1997. "Dollar and Yen: Resolving Economic Conflict between the United States and Japan," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262133350, December.
    2. Zhang, Xiaobo & Tan, Kong-Yam, 2004. "Blunt to sharpened razor: incremental reform and distortions in the product and capital markets in China," DSGD discussion papers 13, International Food Policy Research Institute (IFPRI).
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    Cited by:

    1. repec:dau:papers:123456789/5487 is not listed on IDEAS
    2. Paul J.J. Welfens, 2009. "Innovationen und Transatlantische Bankenkrise: Eine ordnungspolitische Analyse," EIIW Discussion paper disbei171, Universitätsbibliothek Wuppertal, University Library.
    3. Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2006. "The Renminbi Equilibrium Exchange Rate: an agnostic view," Sciences Po publications 2006-13, Sciences Po.
    4. Haihong Gao, 2006. "Real Exchange Rate in China : A Long-run Perspective," Macroeconomics Working Papers 21969, East Asian Bureau of Economic Research.
    5. Paul Welfens, 2012. "Marshall-Lerner condition and economic globalization," International Economics and Economic Policy, Springer, vol. 9(2), pages 191-207, June.
    6. repec:hal:spmain:info:hdl:2441/5121 is not listed on IDEAS
    7. Emre Ünal, 2016. "A comparative analysis of export growth in Turkey and China through macroeconomic and institutional factors," Evolutionary and Institutional Economics Review, Springer, vol. 13(1), pages 57-91, June.
    8. repec:hal:spmain:info:hdl:2441/5378 is not listed on IDEAS
    9. Risheng Mao & John Whalley, 2011. "Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China," NBER Working Papers 17565, National Bureau of Economic Research, Inc.
    10. Sorina Koti & Tomi Bixho, 2016. "Theories of Money Supply: The Relationship of Money Supply in a Period of Time T-1 and Inflation in Period T- Empirical Evidence from Albania," European Journal of Multidisciplinary Studies Articles, Revistia Research and Publishing, vol. 1, January -.
    11. Kurokawa, Yoshinori & Pang, Jiaren & Tang, Yao, 2016. "Exchange rate regimes and wage comovements in a Ricardian model with money," Journal of International Economics, Elsevier, vol. 102(C), pages 96-109.

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    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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