The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data
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We examine the impact of renminbi revaluation on firm valuations, considering two surprise announcements of changes in China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive effect on firms exporting to China but little positive or
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美国国家经济研究局创建时间：
2011-11-01
