IDEAS home Printed from https://ideas.repec.org/a/kap/iaecre/v17y2011i4p386-39610.1007-s11294-011-9325-0.html
   My bibliography  Save this article

The U.S.-China Exchange Rate Debate: Using Currency Offer Curves

Author

Listed:
  • Jannett Highfill
  • Raymond Wojcikewych

Abstract

The paper introduces an innovative graph for presenting bilateral exchange rates. The currency quantities are on the axes and the exchange rate is the ratio between them, i.e., the slope of a ray from the origin. Behavior is captured by currency offer curves. The paper uses the model to address the issues surrounding China’s export-led growth strategy, i.e., its policy of undervaluing the yuan. Copyright International Atlantic Economic Society 2011

Suggested Citation

  • Jannett Highfill & Raymond Wojcikewych, 2011. "The U.S.-China Exchange Rate Debate: Using Currency Offer Curves," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(4), pages 386-396, November.
    • Handle: RePEc:kap:iaecre:v:17:y:2011:i:4:p:386-396:10.1007/s11294-011-9325-0
    DOI: 10.1007/s11294-011-9325-0
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11294-011-9325-0
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11294-011-9325-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. McKinnon, Ronald & Schnabl, Gunther, 2008. "China's exchange rate impasse and the weak U.S. dollar," Working Papers 73, University of Leipzig, Faculty of Economics and Management Science.
    2. Paul Johnson, 2010. "Targeted Teaching - An International Economics Classroom Experiment," Southern Economic Journal, John Wiley & Sons, vol. 77(2), pages 501-513, October.
    3. David T. Mitchell & Robert P. Rebelein & Patricia H. Schneider & Nicole B. Simpson & Eric Fisher, 2009. "A Classroom Experiment on Exchange Rate Determination with Purchasing Power Parity," The Journal of Economic Education, Taylor & Francis Journals, vol. 40(2), pages 150-165, April.
    4. Dominick Salvatore, 2008. "Structural Imbalances and Global Monetary Stability," Economia politica, Società editrice il Mulino, issue 3, pages 441-454.
    5. Denise Hazlett & Jeela Ganje, 1999. "An Experiment with Official and Parallel Foreign Exchange Markets in a Developing Country," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(4), pages 392-401, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lizardo Radhames A. & Kelly Mary H., 2014. "What Motivates China to Invest So Heavily in U.S. Treasury Securities?," Global Economy Journal, De Gruyter, vol. 14(2), pages 1-20, April.
    2. Highfill Jannett & Wojcikewych Raymond, 2012. "A Note on Teaching the Yuan-Dollar Market vis-a-vis China's Dollar Holdings," Global Economy Journal, De Gruyter, vol. 12(1), pages 1-9, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul Johnson, 2018. "Exchange Rates: An Asynchronous Classroom Experiment," Journal of Economics Teaching, Journal of Economics Teaching, vol. 3(2), pages 206-217, December.
    2. repec:kap:iaecre:v:17:y:2011:i:4:p:386-396 is not listed on IDEAS
    3. Mitchell, David & Hunsader, Kenneth & Parker, Scott, 2011. "A Futures Trading Experiment: An Active Classroom Approach to Learning," MPRA Paper 56496, University Library of Munich, Germany, revised 2011.
    4. Gawel, Erik, 2014. "Neuordnung der Professorenbesoldung in Sachsen," Working Papers 128, University of Leipzig, Faculty of Economics and Management Science.
    5. Bernhardt, Wolfgang, 2020. "Der (ost-)deutsche Witz ist tot - Der Volksmund schweigt. Warum? Zum 3. Oktober 2020," Working Papers 168, University of Leipzig, Faculty of Economics and Management Science.
    6. Papenfuß, Ulf & Steinhauer, Lars & Friedländer, Benjamin, 2015. "Beteiligungsberichterstattung der öffentlichen Hand im 13-Länder-Vergleich: Erfordernisse für mehr Transparenz über die Governance und Performance öffentlicher Unternehmen," Working Papers 135, University of Leipzig, Faculty of Economics and Management Science.
    7. Quaas, Friedrun, 2014. "Orthodoxer Mainstream und Heterodoxe Alternativen: Eine Analyse der ökonomischen Wissenschaftslandschaft," Working Papers 129, University of Leipzig, Faculty of Economics and Management Science.
    8. Schnabl Gunther & Müller Sebastian, 2018. "Zur Zukunft der Europäischen Union aus ordnungspolitischer Perspektive," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 68(1), pages 3-34, March.
    9. Mai Dao & Ms. Ruo Chen, 2011. "The Real Exchange Rate and Employment in China," IMF Working Papers 2011/148, International Monetary Fund.
    10. Quaas, Friedrun & Quaas, Georg, 2016. "Effekte des Kapitalmarktzinses auf die Preis- und Produktivitätsentwicklung: Eine Analyse der deutschen Volkswirtschaft 1970-2014," Working Papers 144, University of Leipzig, Faculty of Economics and Management Science.
    11. Hongyi Chen & Lars Jonung & Olaf Unteroberdoerster, 2014. "Lessons for China from Financial Liberalization in Scandinavia," Asian Economic Papers, MIT Press, vol. 13(1), pages 1-44, Winter.
    12. Gunther Schnabl, 2015. "Japans Lehren für das Schweizer Wechselkursdilemma," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 95(3), pages 192-199, March.
    13. KimMarie McGoldrick, 2010. "Advancing the Scholarship of Teaching and Learning in Economics," Chapters, in: Michael K. Salemi & William B. Walstad (ed.), Teaching Innovations in Economics, chapter 3, Edward Elgar Publishing.
    14. Casajus, André & Huettner, Frank, 2013. "Null players, solidarity, and the egalitarian Shapley values," Journal of Mathematical Economics, Elsevier, vol. 49(1), pages 58-61.
    15. Belke, Ansgar & Schnabl, Gunther, 2010. "Finanzkrise, globale Liquidität und makroökonomischer Exit," IBES Diskussionsbeiträge 184, University of Duisburg-Essen, Institute of Business and Economic Studie (IBES).
    16. Grossmann, Volker & Steger, Thomas & Trimborn, Timo, 2013. "Dynamically optimal R&D subsidization," Journal of Economic Dynamics and Control, Elsevier, vol. 37(3), pages 516-534.
    17. David T. Mitchell & Robert P. Rebelein & Patricia H. Schneider & Nicole B. Simpson & Eric Fisher, 2009. "A Classroom Experiment on Exchange Rate Determination with Purchasing Power Parity," The Journal of Economic Education, Taylor & Francis Journals, vol. 40(2), pages 150-165, April.
    18. Casajus, André, 2011. "Collusion, symmetry, and the Banzhaf value," Working Papers 99, University of Leipzig, Faculty of Economics and Management Science.
    19. Casajus, André & Hüttner, Frank, 2012. "Nullifying vs. dummifying players or nullified vs. dummified players: The difference between the equal division value and the equal surplus division value," Working Papers 110, University of Leipzig, Faculty of Economics and Management Science.
    20. Casajus, André, 2012. "The Shapley value without efficiency and additivity," Working Papers 114, University of Leipzig, Faculty of Economics and Management Science.
    21. Schnabl, Gunther & Zemanek, Holger, 2011. "Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume," Working Papers 94, University of Leipzig, Faculty of Economics and Management Science.

    More about this item

    Keywords

    Exchange rates; China; United States; Export-led growth; A22; F31;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:iaecre:v:17:y:2011:i:4:p:386-396:10.1007/s11294-011-9325-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.