Official Exchange Rate Arrangements and Real Exchange Rate Behavior

2001 ◽  
Vol 33 (4) ◽  
pp. 976 ◽  
Author(s):  
David C. Parsley ◽  
Helen A. Popper
2009 ◽  
Vol 12 (01) ◽  
pp. 141-158 ◽  
Author(s):  
Yongjian E ◽  
Anthony Yanxiang Gu ◽  
Chau-Chen Yang

The exchange-rate behavior of the Chinese yuan (RMB) and the Malaysian ringgit (MYR) indicates that the real exchange rate volatility of both the pegged currency/the anchor currency (the US dollar), and the pegged currency/the non-anchor currencies (Japanese yen and British pound) are lower under the pegged regime. The dynamic behavior of the pegged currencies' real exchange rates is consistent with the anchor currency as the speed of convergence of the Big Mac real exchange rates of the RMB, MYR, and the dollar against the floating currencies are almost identical during the pegged period. This may be due to similar inflation rate movements in the related economies. These results do not support the opinion that China has manipulated the value of its currency.


1997 ◽  
Vol 16 (6) ◽  
pp. 945-954 ◽  
Author(s):  
James R. Lothian ◽  
Mark P. Taylor

2015 ◽  
Vol 3 (5) ◽  
Author(s):  
Kit Soon Tan ◽  
Lan Thi Phuong Nguyen ◽  
Malick Ousmane Sy ◽  
Cheng Ming Yu

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