Arbeitspapier
China's Profits and Losses from Currency Intervention, 1994-2011
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, which potentially have adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses. This paper computes the annual and cumulative accounting profits from currency intervention since 1994 when China began its currency intervention. It is shown that profits initially were positive but China since 2007 has lost a massive amount from the currency market.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 4551
- Classification
-
Wirtschaft
Trade: General
- Subject
-
currency intervention
cumulative accounting profits
- Event
-
Geistige Schöpfung
- (who)
-
Jin, Hailong
Choi, E. Kwan
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Jin, Hailong
- Choi, E. Kwan
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2013
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