Now showing items 2-5 of 5

    • Measuring Misalignment: Latest Estimates for the Chinese Yuan 

      Fujii, Eiji; Chinn, Menzie D.; Cheung, Yin-Wong (2010-06)
      The authors re-orient the discussion of currency misalignment back toward theory and empirics. They set forth a typology of modeling approaches to assess misalignment to highlight the difficulties in theoretically defining ...
    • The Overvaluation of Renminbi Undervaluation 

      Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eiji (2007)
      The authors find little statistical that China's renminbi is undervalued.
    • Pitfalls in Measuring Exchange Rate Misalignment: The Yuan and Other Currencies 

      Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eiji (2009)
      Using a framework built around the relationship between relative price and relative output levels, the authors find little evidence that the renminbi is undervalued. The misalignment they detected in previous work disappears ...
    • Why the Renminbi Might be Overvalued (But Probably Isn't) 

      Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eiji (2005)
      The authors find that some approaches for evaluating China's renminbi imply substantial underevaluation, while others imply little or none, and other methods indicate slight overevaluation.