Report Archive - currency

Share |

Share |

Share |

Share |

Share |

Share |

Share |

  • China's Forex Reserves Hit a Historic High
    Do Rising Reserves Imply that the RMB Is Undervalued?
  • 11-Nov-2009
  • China’s foreign exchange reserves reached a record high of $ 2.27 trillion in Q3 2009, equivalent to about 50% of the country’s GDP, prompting questions about currency undervaluation. By examining historical data on China’s forex reserves, balance of payments, exports, and RMB/USD exchange rates, our analyses shed light on the major sources of the build-up in reserves, the high correlation between annual increases in BoP surpluses and forex reserves, and the major drivers of BoP surpluses. Further, using a relative purchasing power parity approach, our results indicate that the RMB is currently undervalued by about 4%.

  • Regions:
  • Authors:
  • Products: Datastream
  • Keywords: currency, foreign exchange
  • Download full report pdf_small
Share |

Share |

< Previous Page

Lipper Alpha Insight


Thomson Reuters Eikon


Follow on Twitter

MORE REPORTS

RSS Atom feed

autos


bonds


budget deficit


capital markets


commodities


crack spread


earnings


economics


employment


equities


ESG


fixed income


foreign exchange


fundamentals


GDP


gold


guidance


interest rates


IPO


liquidity


M&A


oil


private equity


real_estate


revenues


S&P 500


S&P 600


same store sales


sentiment


silver


STOXX 600


valuation