Linked Data Explorerhttp://worldcat.org/entity/work/id/786750180
Sex Ratios and Exchange Rates
A rise in the sex ratio (increasing relative surplus of men in the marriage market) in China and several other economies, in theory, can simultaneously generate a decline in the real exchange rate (RER) and a rise in the current account surplus. We demonstrate this logic through both a savings channel and an effective labor supply channel. In this model, a low RER is not a cause of the current account surplus, nor is it a consequence of currency manipulations. Empirically, those economies with a high sex ratio tend to have a low real exchange rate, beyond what can be explained by the Balassa-Samuelson effect, financial underdevelopment, dependence ratio, and exchange rate regime classifications. Once these factors are accounted for, the Chinese real exchange rate is estimated to be undervalued by only a relatively trivial amount.
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- http://id.loc.gov/authorities/subjects/sh85120661
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/china
- http://id.loc.gov/authorities/subjects/sh91004893
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/electronic_documents
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/zonder_onderwerpscode_economie
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/zahlungsbilanz
- http://id.worldcat.org/fast/902116
- http://id.worldcat.org/fast/1007141
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/wechselkurs
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/sparquote
- http://id.worldcat.org/fast/1206073
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/geschlecht
- http://id.loc.gov/authorities/subjects/sh85080336
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/arbeitsangebot
- http://id.loc.gov/authorities/subjects/sh85040850
- http://experiment.worldcat.org/entity/work/data/786750180#Topic/bevolkerungsstruktur
http://schema.org/description
- "A rise in the sex ratio (increasing relative surplus of men in the marriage market) in China and several other economies, in theory, can simultaneously generate a decline in the real exchange rate (RER) and a rise in the current account surplus. We demonstrate this logic through both a savings channel and an effective labor supply channel. In this model, a low RER is not a cause of the current account surplus, nor is it a consequence of currency manipulations. Empirically, those economies with a high sex ratio tend to have a low real exchange rate, beyond what can be explained by the Balassa-Samuelson effect, financial underdevelopment, dependence ratio, and exchange rate regime classifications. Once these factors are accounted for, the Chinese real exchange rate is estimated to be undervalued by only a relatively trivial amount."@en
- "A rise in the sex ratio (increasing relative surplus of men in the marriage market) in China and several other economies, in theory, can simultaneously generate a decline in the real exchange rate (RER) and a rise in the current account surplus. We demonstrate this logic through both a savings channel and an effective labor supply channel. In this model, a low RER is not a cause of the current account surplus, nor is it a consequence of currency manipulations. Empirically, those economies with a high sex ratio tend to have a low real exchange rate, beyond what can be explained by the Balassa-Samuelson effect, financial underdevelopment, dependence ratio, and exchange rate regime classifications. Once these factors are accounted for, the Chinese real exchange rate is estimated to be undervalued by only a relatively trivial amount."