International Comparison of the Local-currency-pricing-stability and the Effects of RMB Appreciation——A case of ASEAN + 2 and China

doi:10.16382/j.cnki.1000-5579.2006.06.012

Abstract

Abstract:

This paper measures the degree of price discrimination across destinations that is associated with the RMB exchange rate changes using China and ASEAN + 2 industry level data.Given the sample selected, local currency stability has been observed both in ASEAN + 2 and China.Due to the supplementary and complementary features of exports and imports in the region, the PTM shows completely different characters.Consequently, the price volatility transmitted from appreciation of RMB exchange rates will be featured differently among the member countries.

Key words: local-currency-pricing-stability, mark-up, ASEAN + 2, China

CLC Number:

Xiao-bing FENG. International Comparison of the Local-currency-pricing-stability and the Effects of RMB Appreciation——A case of ASEAN + 2 and China[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2006, 38(6): 72-77.

Figures/Tables 5

References 10

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