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The impact of yuan revaluation on the Asian region

Author

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  • Glenn Hoggarth
  • Hui Tong

Abstract

This 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.

Suggested Citation

  • Glenn Hoggarth & Hui Tong, 2007. "The impact of yuan revaluation on the Asian region," Bank of England working papers 329, Bank of England.
    • Handle: RePEc:boe:boeewp:329
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    File URL: http://www.bankofengland.co.uk/research/Documents/workingpapers/2007/WP329.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Dmitry Alexandrovich Izotov, 2012. "Russian – Chinese Trade and Exchange Rate," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 34-54.
    2. Robert Lafrance, 2008. "China's Exchange Rate Policy: A Survey of the Literature," Discussion Papers 08-5, Bank of Canada.

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