東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

The determination of foreign exchang...

Teng, Wenyuan.

Linked to FindBook

Google Book

Amazon

博客來

The determination of foreign exchange rates in transition economies and implications for growth: The case of Poland and the People's Republic of China.

Record Type:	Electronic resources : Monograph/item
Title/Author:	The determination of foreign exchange rates in transition economies and implications for growth: The case of Poland and the People's Republic of China./
Author:	Teng, Wenyuan.
Description:	118 p.
Notes:	Source: Dissertation Abstracts International, Volume: 60-02, Section: A, page: 5060.
Contained By:	Dissertation Abstracts International60-02A.
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9920523
ISBN:	9780599196759

The determination of foreign exchange rates in transition economies and implications for growth: The case of Poland and the People's Republic of China.
Teng, Wenyuan.

The determination of foreign exchange rates in transition economies and implications for growth: The case of Poland and the People's Republic of China. - 118 p.

Source: Dissertation Abstracts International, Volume: 60-02, Section: A, page: 5060.

Thesis (Ph.D.)--The University of Memphis, 1998.

This study investigates the behavior of nominal and real exchange rates and the relationship between real exchange rate misalignment and economic performance in two transition economies, Poland and China. Differences in exchange rate determination and implications for growth are expected because of the very different transition strategies adopted: shock therapy in Poland vs. gradualism in the PRC. These two strategies differ in the speed and the sequencing of liberalizing the economy. Three models of exchange rate determination are employed to study the Polish zloty and the Chinese yuan exchange rates vis-a-vis the U.S. dollar: the random walk model and the two asset-approach models, the sticky-price monetary model and the portfolio balance model.

ISBN: 9780599196759Subjects--Topical Terms:

1556984
Economic theory.

The determination of foreign exchange rates in transition economies and implications for growth: The case of Poland and the People's Republic of China.
LDR:02567nmm a2200301 4500 001 2067249
005 20160226101828.5
008 170521s1998 ||||||||||||||||| ||eng d
020 $a 9780599196759
035 $a (MiAaPQ)AAI9920523
035 $a AAI9920523
040 $a MiAaPQ $c MiAaPQ
100 1 $a Teng, Wenyuan. $3 3182089
245 1 4 $a The determination of foreign exchange rates in transition economies and implications for growth: The case of Poland and the People's Republic of China.
300 $a 118 p.
500 $a Source: Dissertation Abstracts International, Volume: 60-02, Section: A, page: 5060.
500 $a Major Professor: David M. Kemme.
502 $a Thesis (Ph.D.)--The University of Memphis, 1998.
520 $a This study investigates the behavior of nominal and real exchange rates and the relationship between real exchange rate misalignment and economic performance in two transition economies, Poland and China. Differences in exchange rate determination and implications for growth are expected because of the very different transition strategies adopted: shock therapy in Poland vs. gradualism in the PRC. These two strategies differ in the speed and the sequencing of liberalizing the economy. Three models of exchange rate determination are employed to study the Polish zloty and the Chinese yuan exchange rates vis-a-vis the U.S. dollar: the random walk model and the two asset-approach models, the sticky-price monetary model and the portfolio balance model.
520 $a The estimation of the models indicates, first, while the two asset-approach models were not expected to perform well in countries with underdeveloped capital markets, the importance of money in both asset-approach models of exchange rate determination is clearly conformed. Second, the exchange rate may also be explained well in both countries by a simple random walk model. Third, these three models explain the movement of zloty/dollar exchange rate better than the movement of yuan/dollar exchange rate, confirming the view that the zloty/dollar exchange rate, under the shock-therapy transition approach, moves more similarly to a free-market exchange rate. Finally, real exchange rate misalignment generally negatively affects economic performance for Poland and China, especially in the case of Poland.
590 $a School code: 1194.
650 4 $a Economic theory. $3 1556984
650 4 $a Commerce-Business. $3 3168423
650 4 $a Finance. $3 542899
690 $a 0511
690 $a 0505
690 $a 0508
710 2 $a The University of Memphis. $3 1025952
773 0 $t Dissertation Abstracts International $g 60-02A.
790 $a 1194
791 $a Ph.D.
792 $a 1998
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9920523