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

In: Recent Financial Crises

Author

Listed:
  • Ronald I. 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.

Suggested Citation

  • Ronald I. McKinnon, 2006. "Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States," Chapters, in: Lawrence R. Klein & Tayyeb Shabbir (ed.), Recent Financial Crises, chapter 8, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:3298_8
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    1. is not listed on IDEAS
    2. repec:spo:wpmain:info:hdl:2441/5121 is not listed on IDEAS
    3. 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.
    4. Yin-Wong Cheung & Dickson C. Tam & Matthew S. Yiu, 2008. "Does the Chinese interest rate follow the US interest rate?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 13(1), pages 53-67.
    5. repec:dau:papers:123456789/5487 is not listed on IDEAS
    6. Das, Dilip K., 2009. "The evolution of renminbi yuan and the protracted debate on its undervaluation: An integrated review," Journal of Asian Economics, Elsevier, vol. 20(5), pages 570-579, September.
    7. Paul J.J. Welfens, 2009. "Innovationen und Transatlantische Bankenkrise: Eine ordnungspolitische Analyse," EIIW Discussion paper disbei171, Universitätsbibliothek Wuppertal, University Library.
    8. 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.
    9. repec:spo:wpmain:info:hdl:2441/5378 is not listed on IDEAS
    10. Gentisa Furxhi & Sonela Stillo & Marinela Teneqexhi, 2016. "Organizational Change: Employees Reaction Towards It," European Journal of Multidisciplinary Studies Articles, Revistia Research and Publishing, vol. 1, ejms_v1_i.
    11. Antoine Bouveret & Sana Mestiri & Henri Sterdyniak, 2006. "The Renminbi Equilibrium Exchange Rate: an agnostic view," Sciences Po Economics Publications (main) hal-01073825, HAL.
    12. 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.
    13. Haihong Gao, 2006. "Real Exchange Rate in China : A Long-run Perspective," Macroeconomics Working Papers 21969, East Asian Bureau of Economic Research.
    14. Paul Welfens, 2012. "Marshall-Lerner condition and economic globalization," International Economics and Economic Policy, Springer, vol. 9(2), pages 191-207, June.

    More about this item

    Keywords

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    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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