This paper estimates how changes in China's exchange rates would affect exports from competitor countries in third-country markets -- in other words, the "spillover effect." The authors use recent theory to develop an identification strategy, with a key role for the competition between China and its developing country competitors in specific products and export destinations. Using disaggregated trade data, they estimate the spillover effect by exploiting...
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INFORMACIÓN
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2012/03/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS5989
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1
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1
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2012/03/01
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Disclosed
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Spillover effects of exchange rates : a study of the Renminbi
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Exchange Rates