000			01951nam a22002417a 4500
003			ZW-GwMSU
005			20240521084449.0
008			240521b |||||||| |||| 00| 0 eng d
022			_a08887233
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHB90 COM
100	1		_aXing, Yuqing _eauthor
245	1	4	_aThe Yuan's exchange rates and pass-through effects on the prices of Japanese and the US imports _ccreated by Yuqing Xing
264	1		_aHampshire: _bPalgrave Macmillan, _c2010
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aComparative economic studies _vVolume 52, number 4
520	3		_aThis paper estimated pass-through effects of the yuan's exchange rates on the prices of Japanese and the US imports from China. Empirical results show that, a 1% nominal appreciation of the yuan would result in a 0.23% increase in the prices of the US imports in the short run and 0.47% in the long run. Japanese import prices were relatively more responsive. For a 1% nominal appreciation of the yuan against the yen, Japanese import prices would be expected to rise 0.55% in the short run, and 0.99%, an almost complete pass-through, in the long run. The high degree of pass-through effects on the prices of Japanese imports was also found at the disaggregated sectoral level: food, raw materials, apparel, manufacturing and machinery. However, further analysis indicates that, the high pass-through effects were mainly attributed to China's peg to the US dollar policy and that the dollar is used as a dominant invoicing currency for China's exports to Japan. The estimated low pass-through effects suggest that, a moderate appreciation of the yuan would have very little impact on China's exports.
650			_aCurrency _vForeign trade price _xImport | 1998-2008 _zChinese, Japan, United States
856			_uhttps://doi.org/10.1057/ces.2010.21
942			_2lcc _cJA
999			_c165573 _d165573