The document discusses China's evolving foreign exchange policy, focusing on the impact of regional production networks on exchange rate elasticities for exports. It highlights the recalculation of China's real effective exchange rate (REER) by Zhiwei Zhang and Li Zeng, which shows a lower appreciation when accounting for supply chain effects. The document also provides forecasts for the RMB exchange rate and discusses the implications of interest rate changes in the US and China.
documents/vol00010-efta01459684-pdf.pdf
{"title":"Global Economic Perspectives: China's evolving FX policy","key_people":["Zhiwei Zhang","Li Zeng","Perry Kojodjojo"],"document_date":"2016-01-15","document_type":"other","key_locations":["China","South Korea","Taiwan"],"key_organizations":["Deutsche Bank","Bloomberg Finance LP"],"reference_numbers":["DB-SDNY-0120303","SDNY_GM_00266487","EFTA01459684"]}