| 000 | 01391nam a22002417a 4500 | ||
|---|---|---|---|
| 003 | ZW-GwMSU | ||
| 005 | 20240521083741.0 | ||
| 008 | 240521b |||||||| |||| 00| 0 eng d | ||
| 022 | _a08887233 | ||
| 040 |
_aMSU _bEnglish _cMSU _erda |
||
| 050 | 0 | 0 | _aHB90 COM |
| 100 | 1 |
_aFidrmuc, Jarko _eauthor |
|
| 245 | 1 | 0 |
_aTime-varying exchange rate basket in China from 2005 to 2009 _ccreated by Jarko Fidrmuc |
| 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 | _aWe use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data between 2005 and 2009. The currency weights of selected currencies are modeled as stochastic processes (random walks). The official announcement of the new exchange rate regime in July 2005 with the introduction of a secret currency basket was followed by a smooth appreciation against the US dollar (USD). Other currencies did not play a major role. We show that the USD again received a higher weight in the Chinese exchange rate policy already before the financial crisis of 2008. | |
| 650 |
_aExchange rate regime _vKalman filter _xFinancial crisis |
||
| 856 | _uhttps://doi.org/10.1057/ces.2010.20 | ||
| 942 |
_2lcc _cJA |
||
| 999 |
_c165574 _d165574 |
||