Renminbi exchange rate exposure: evidence from Chinese industries
This paper investigates sensitivity of stock returns of industry-sorted Chinese firms with respect to renminbi exchange rate movements. Strong evidence of significant exposure is documented for 7 out of 16 Chinese industries. Evidence is also found of the size asymmetry effects. In addition, we expl...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2013-09-18.
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| Subjects: | |
| Online Access: | Get fulltext |