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Comment on Cheung, Chinn and Fujii, “The Overvaluation of Renminbi Undervaluation”

✍ Scribed by Barry Eichengreen


Book ID
116658815
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
63 KB
Volume
26
Category
Article
ISSN
0261-5606

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Market structure and the persistence of
✍ Yin-Wong Cheung; Menzie Chinn; Eiji Fujii 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 179 KB 👁 1 views

## Abstract We examine the relationship between market structure and the persistence of US dollar‐based sectoral real exchange rates for 14 OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which devia