Haku
Viitteet 1-3 / 3
The offshore renminbi exchange rate: Microstructure and links to the onshore market
(28.09.2014)
BOFIT Discussion Papers 17/2014
BOFIT Discussion Papers 17/2014
The offshore renminbi (CNH) exchange rate is the exchange rate of the Chinese currency transacted outside China. We study the CNH exchange rate dynamics and its links with onshore exchange rates. Using a specialized ...
Current account and REER misalignments in Central Eastern EU countries: an update using the macroeconomic balance approach
(07.10.2015)
BOFIT Discussion Papers 28/2015
BOFIT Discussion Papers 28/2015
Using the IMF CGER methodology, we make an assessment of the current account and price competitiveness of the Central Eastern European Countries (CEEC) that joined the EU between 2004 and 2014. We present results for the ...
Fixed exchange rate regimes, real undervaluation and economic growth
(10.08.2015)
BOFIT Discussion Papers 23/2015
BOFIT Discussion Papers 23/2015
This paper empirically studies how a fixed exchange rate regime (FERR) may promote economic growth by undermining the Balassa-Samuelson effect. When total factor productivity (TFP) is faster in the industrial sector than ...