Spillover Effects of Exchange Rates : A Study of the Renminbi

Spillover Effects of Exchange Rates : A Study of the Renminbi

This paper estimates how changes in China's exchange rates would affect exports from competitor countries in third-country markets -- in other words, the "spillover effect." The authors use recent theory to develop an identification...

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Bibliographic Details
Main Authors:	Mattoo, Aaditya, Mishra, Prachi, Subramanian, Arvind
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ABSOLUTE VALUE ALTERNATIVE EXCHANGE RATE BENCHMARKING BILATERAL EXCHANGE RATE BILATERAL TRADE BUSINESS CYCLE CHECKS COMPETITIVE ADVANTAGE COMPETITIVE DEVALUATIONS COMPETITIVENESS CONSUMERS CORRELATION COEFFICIENT CORRELATION COEFFICIENTS COUNTRY FIXED EFFECTS COUNTRY MARKET COUNTRY MARKETS COUNTRY OF ORIGIN COUNTRY TO COUNTRY CURRENCY CURRENCY UNIONS DEFLATORS DEPENDENT VARIABLE DEPRECIATION DEPRECIATIONS DEPRESSION DEVALUATIONS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DIFFERENT CURRENCIES DOLLAR EXCHANGE RATE DOMESTIC INFLATION DOMESTIC PRICE DOMESTIC PRICES ECONOMETRIC ESTIMATES ECONOMIC GROWTH EFFECT OF EXCHANGE RATE CHANGES EFFECTIVE EXCHANGE RATE EFFECTIVE EXCHANGE RATES ELASTICITY ELASTICITY OF DEMAND ELASTICITY OF EXPORTS ELASTICITY OF SUBSTITUTION ESTIMATION STRATEGY EXCESS CAPACITY EXCHANGE RATE DATA EXCHANGE RATE FLUCTUATIONS EXCHANGE RATE MOVEMENTS EXCHANGE RATE PEGS EXCHANGE RATE POLICIES EXCHANGE RATE POLICY EXCHANGE RATES EXPENDITURE EXPORT PERFORMANCE EXPORTER EXPORTERS EXPORTS FEDERAL RESERVE FEDERAL RESERVE BANK FIRM PERFORMANCE FIXED SHARE FOREIGN FIRMS FOREIGN TRADE GDP GLOBALIZATION HUMAN RESOURCES IMPORT IMPORT DEMAND IMPORT PRICES IMPORTS INCOME INDUSTRIAL COUNTRIES INFLATION INTANGIBLE INTERMEDIATE GOODS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL MACROECONOMICS INTERNATIONAL TRADE LIFE EXPECTANCY MACROECONOMIC VARIABLE MACROECONOMICS MANUFACTURING INDUSTRIES MARKET ENTRY MARKET ENTRY COSTS MARKET EXCHANGE RATES MARKET VALUATIONS MIDDLE INCOME COUNTRIES MONETARY FUND MULTILATERAL EXCHANGE RATE NOMINAL BILATERAL EXCHANGE RATE NOMINAL EXCHANGE RATE OTHER CURRENCIES OUTPUT POLITICAL ECONOMY POSITIVE COEFFICIENT POWER PARITY PRICE INDEX PRICE INDICES PRICE LEVEL PURCHASING PURCHASING POWER PURCHASING POWER PARITY REAL EFFECTIVE EXCHANGE RATE REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL EXCHANGE RATES REAL EXPORTS REGIONAL DUMMIES RELATIVE PRICE REVALUATION ROBUSTNESS CHECKS SAVINGS SAVINGS MOTIVE SAVINGS RATES STANDARD DEVIATION STOCK MARKET STOCK PRICES SUPPLY CONDITIONS THIRD MARKET THIRD MARKETS TOTAL EXPORTS TOTAL IMPORTS TRADE AGREEMENTS TRADE DATA TRADE POLICIES TRANSMISSION MECHANISM UNEMPLOYMENT VALUATIONS VALUE ADDED WEIGHTS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120309093600 http://hdl.handle.net/10986/3278

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20120309093600
http://hdl.handle.net/10986/3278