LEADER 03279oam 2200457 450 001 9910484486903321 005 20230629235625.0 010 $a981-15-7522-3 024 7 $a10.1007/978-981-15-7522-8 035 $a(CKB)4100000011704523 035 $a(DE-He213)978-981-15-7522-8 035 $a(MiAaPQ)EBC6451343 035 $a(EXLCZ)994100000011704523 100 $a20210611d2021 uy 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aExchange rate, credit constraints and China's international trade /$fMiaojie Yu 205 $a1st ed. 2021. 210 1$aSingapore :$cPalgrave Macmillan,$d[2021] 210 4$d©2021 215 $a1 online resource (XI, 302 p. 18 illus.) 311 $a981-15-7521-5 327 $a1. Does Revaluation of the Chinese Yuan Decrease Imports to the U.S. from China? -- 2. Revaluation of the Chinese Yuan and Triad Trade: A Gravity Assessment -- 3. Exports, Productivity, and Credit Constraints -- 4. Exports and Credit Constraints under Incomplete Information -- 5. Exchange Rate Movements and Exporters' Profitability -- 6. Export Tightening, Competition, and Firm Innovation -- 7. Promotion Effect of CNY Appreciation on Export Quality -- 8. Outward Direct Investment, Firm Productivity, and Credit Constraints -- 9. The Effect of RMB Internationalization on Belt and Road Initiative -- 10. The Potential Impact of China-US BIT on China?s Manufacturing Sectors. 330 $aThis book, by one of China's leading economists, explores the past and present of the RMB?the people's currency?as it is poised to compete with the dollar as the international reserve currency. Exchange rate movement and its pass-through to changes in domestic prices have been topics of wide concern among economists. However, relatively few studies have empirically investigated the relationship between exchange rate movements and China's international trade.This book fills this gap, using the general equilibrium theory of the western economic science norm systems, integrating the leading heterogeneous firm theory of international trade, attempting to set up a theoretical structural model for further prediction, and applying the data from sample cases to examine the structural model. This book will be of interest to economists, financiers, and China watchers. Miaojie Yu is a Professor and Deputy Dean of National School of Development (NSD), Peking University. He is deputy director of China Center for Economic Research (CCER), Peking University, and Secretary-General, International Consortium for China Studies. He is a Cheung-Kong Distinguished Scholar of Ministry of Education of China and was awarded China?s National Science Fund for Distinguished Young Scholars. 606 $aForeign exchange rates$zChina 606 $aCredit$zChina 607 $aChina$xCommerce 615 0$aForeign exchange rates 615 0$aCredit 676 $a332.4560951 700 $aYu$b Miaojie$0926049 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bUtOrBLW 906 $aBOOK 912 $a9910484486903321 996 $aExchange rate, credit constraints and China's international trade$92847405 997 $aUNINA