The External Impact of China's Exchange Rate Policy : Evidence From Firm Level Data /
We examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of changes in China's exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in 44 economies. Stock returns rise with renminbi revaluation expectations. This re...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2011.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2011/155 |
| Online-ссылка: | Full text available on IMF |