Processing Trade Regime as a Means of Hedging Against the Risks of Currency Appreciation

---

主讲人	Jie Li	简介	<p>We use firm-level data for the universe of Chinese exporters to document that trade share of processing trade relative to ordinary trade is significantly and positively associated with firm's real effective exchange rates (REER) appreciation. This connection is more profound for foreign owned exporters, compared to state owned and private ones. It seems that Chinese exporters utilize processing trade regime to hedge against the risks of domestic currency appreciation. This hedging behavior displays no seemingly regional difference among the exporters in eastern, middle and western regions&nbsp;of China.</p>
时间	2017-05-11(Thursday)16:40-18:00	地点	N303, Econ Building
讲座语言	English	主办单位	WISE&SOE
承办单位		类型	系列讲座
联系人信息		主持人	Hao Jin
专题网站		专题
主讲人简介	<p>Jie Li, is an Associate Professor at Chinese Academy of Finance and Development, Central University of Finance and Economics (CUFE), Beijing. He is also director of CUFE Research Center for Foreign Reserves. He holds Master degree of Mathematics and PhD of Economics from Claremont Graduate University. His research interests include international money and finance, currency crises, foreign reserves management and exchange rate regimes. He has been publishing research articles in journals like <em>Journal of International Money</em> and <em>Finance</em>, <em>Economic Modelling</em>, among others.&nbsp;</p> <p>Please click <a href="/Upload/File/2017/5/20170502105803553.pdf">Prof. Jie Li's CV</a> for more information.</p>	期数	高级经济学系列讲座2017春季学期第九讲（总第386讲）

系列讲座