Why the Renminbi Might be Overvalued (But Probably Isn't)
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Cheung, Yin-Wong
Chinn, Menzie D.
Fujii, Eiji
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Working paper
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Abstract
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.