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Beggar-thy-neighbor effects of exchange rates : a study of the renminbi (Inglés)

This paper estimates the effect of China’s exchange rate changes on exports of developing countries in third markets. The degree ofcompetition between China and its developing country competitors in specific products and destinations plays a key role in the identification strategy. The strategy exploits variation across exporters,importers, products and time—afforded both by disaggregated tradedata and bilateral exchange rates—to estimate this “competitor...
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