Dr Zhichao Zhang's Outputs (3)

Choosing an exchange rate regime during economic transition: the case of China (2001)
Journal Article
Zhang, Z. (2001). Choosing an exchange rate regime during economic transition: the case of China. China Economic Review, 12(2-3), 203-226. https://doi.org/10.1016/s1043-951x%2801%2900051-7

The choice of an appropriate exchange rate regime during economic transition is investigated through the case of China's 1994 reform programme. Within a game-theoretic framework, the paper compares welfare under alternative policy regimes. While not... Read More about Choosing an exchange rate regime during economic transition: the case of China.

Real exchange rate misalignment in China: An empirical investigation (2001)
Journal Article
Zhang, Z. (2001). Real exchange rate misalignment in China: An empirical investigation. Journal of Comparative Economics, 29(1), 80-94. https://doi.org/10.1006/jcec.2000.1705

Based on the theory of equilibrium real exchange rate, this paper estimates the behavioral equilibrium exchange rate and the resulting misalignment in China. Evidence shows chronic overvaluation in China's central planning period, but economic reform... Read More about Real exchange rate misalignment in China: An empirical investigation.

China's exchange rate reform and exports (2001)
Journal Article
Zhang, Z. (2001). China's exchange rate reform and exports. Economics of planning, 34(1-2), 89-112. https://doi.org/10.1023/a%3A1017549828555

The paper argues that exchange rate reform is a vital supply-side factor in China's export growth. It contributes to China's export expansion by affording a realistic exchange rate and allowing freer access to foreign exchange, thereby leading to the... Read More about China's exchange rate reform and exports.