1,639,813 research outputs found
Motivations and strategies for a real revaluation of the Yuan.
Get PDFMost Western economists and policymakers agree that the Yuan is significantly undervalued and push for its quick nominal revaluation. This paper defends that many domestic and foreign factors could be responsible for the Yuan’s undervaluation, and the People’s bank of China (PBC) cannot optimally invest growing foreign exchange reserves. It provides a theoretical framework to discuss the optimal strategy associating a gradual nominal revaluation of the Yuan with higher inflation, and structural and macroeconomic policies to bring the real exchange rate to its equilibrium level. This strategy allows absorbing external imbalances while laying down the foundation for China’s long-term growth.Real revaluation; Yuan; Renminbi (RMB); foreign exchange reserves; external imbalance; macroeconomic adjustment measures.
Yuan Mei Eighteenth Century Chinese Poet
No full textFirst published in 1956. Arthur Waley here presents an engrossing account of the works and life of Yuan Mei (1716-1797), the best-known poet of his time. Gaiety is the keynote of his works and the poet was a friend of the Manchu official with whom Commodore Anson had dramatic dealings at Canton in 1743. Yuan Mei gives an account (not previously translated) of Anson's interview with the Manchu authorities. The book contains many translations of Yuan Mei's verse and prose.Front Cover -- Yuan Mei -- Copyright Page -- Contents -- Preface -- One: At Hangchow, 1716 to 1736 -- Two: At Peking, 1736 to 1743 -- Three: Prefect, 1743 to 1749 -- Four: At the Sui-yuan, and journey to the north-west, 1749-1752 -- Five: The Sui-pi and the Ghost Stories, 1752-1782 -- Six: Journeys, 1782-1786 -- Seven: Poetry Talks and the Cookery Book, 1787-1797 -- Appendices -- I: Anson's dealings with the Chinese at Canton -- II: After Yuan Mei's Death -- III: The Macartney Mission and Yuan Mei's Works -- IV: Rules Observed -- Books -- References -- Index and GlossaryFirst published in 1956. Arthur Waley here presents an engrossing account of the works and life of Yuan Mei (1716-1797), the best-known poet of his time. Gaiety is the keynote of his works and the poet was a friend of the Manchu official with whom Commodore Anson had dramatic dealings at Canton in 1743. Yuan Mei gives an account (not previously translated) of Anson's interview with the Manchu authorities. The book contains many translations of Yuan Mei's verse and prose.Description based on publisher supplied metadata and other sources.Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, YYYY. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Motivations and strategies for a real revaluation of the Yuan
Get PDFMost Western economists and policy makers agree that the Yuan is significantly undervalued and push the Chinese government for a large nominal revaluation of the Yuan. This paper, while surveying recent research on Chinese exchange rate policy, gives some new insights into this issue. Notably, this paper defends that China is not solely responsible for the Yuan’s undervaluation, the Chinese central bank cannot optimally invest an increasing amount of foreign currency reserves, and the Yuan’s nominal revaluation is not the only way to resolve the problem. After having analyzed the advantages and disadvantages of a nominal versus a real revaluation of the Yuan for the Chinese economy, I advocate and analyze, besides a modest nominal revaluation, a multitude of alternative policies to achieve a complete revaluation of the Yuan in real terms, which allows absorbing external disequilibrium while laying down the foundation for the long-term growth of the Chinese economy.Renminbi (RMB), revaluation of the Yuan, foreign exchange reserves, external disequilibrium, measures of macroeconomic adjustment.
Feasibility of Software-Based Duty Cycling of GPS for Trajectory-Based Services
No full textEnergy-efficient localization is increasingly important for many types of smartphone apps. The research community has argued that fixed duty cycling of GPS is not a good choice for trajectory-based services concerning route accuracy. In this paper, we describe the design and implementation of a highly accurate map matching and path construction algorithm. Furthermore, with thorough field experiments, we show that fixed duty cycling of a smartphone GPS receiver is a feasible approach for trajectory-based services, and it can achieve considerable energy conservation without sacrificing much route accuracy. When increasing the GPS sampling period beyond 120 seconds, it saves at least 78% energy in comparison to continuous GPS sampling, while the loss of route accuracy tends to be stable around 23%.Li, Xiaohan, Yuan, Fengpeng, & Lindqvist, Janne. (2016). Feasibility of Software-Based Duty Cycling of GPS for Trajectory-Based Services. In Proceedings of Consumer Communications & Networking Conference (CCNC2016-EdgeCom), Las Vegas, NV. http://ieeexplore.ieee.org/xpl/conhome.jsp?reload=true&punumber=1001153Peer reviewe
Yuan yang pei : èr
No full textRomance fiction, this is a 19th century edition published by commercial publisherWork in 4 volumes. Double leaves, oriental style, in case. Case digitised with 鴛鴦配 : 一 = Yuan yang pei : yī著錄: 西諦書目, 內閣文庫漢籍分類目錄, 日本東京所見小說書目 Zhu lu: Xi di shu mu, Naikaku Bunko Kanseki bunrui mokuroku, Riben Dongjing suo jian xiao shuo shu m
Yuan yang pei : sì
No full textRomance fiction, this is a 19th century edition published by commercial publisherWork in 4 volumes. Double leaves, oriental style, in case. Case digitised with 鴛鴦配 : 一 = Yuan yang pei : yī著錄: 西諦書目, 內閣文庫漢籍分類目錄, 日本東京所見小說書目 Zhu lu: Xi di shu mu, Naikaku Bunko Kanseki bunrui mokuroku, Riben Dongjing suo jian xiao shuo shu m
Yuan yang pei : yī
No full textRomance fiction, this is a 19th century edition published by commercial publisherWork in 4 volumes. Double leaves, oriental style, in case. Case digitised with 鴛鴦配 : 一 = Yuan yang pei : yī著錄: 西諦書目, 內閣文庫漢籍分類目錄, 日本東京所見小說書目 Zhu lu: Xi di shu mu, Naikaku Bunko Kanseki bunrui mokuroku, Riben Dongjing suo jian xiao shuo shu m
Xenasmatella roseobubalina Z. B. Liu & Yuan Yuan 2022, sp. nov.
No full textXenasmatella roseobubalina Z.B. Liu & Yuan Yuan, sp. nov. (Figs. 2–3) MycoBank no.— MB 843185 Etymology:—‘ roseobubalina ’ (Lat.): refers to the species having a pinkish buff hymenophore. Type:— CHINA. Yunnan Province, Mengla County, Yulingu, on rotten bamboo, 18 August 2019, Y.C. Dai, Dai 20506 (Holotype, BJFC 032174, isotype in SWFC). Description:—Basidiomata annual, resupinate, adnate, detachable, membranaceous, without odor or taste when fresh, brittle when dry, up to 6.5 cm long, 2.5 cm wide and less than 0.1 mm thick. Hymenial surface smooth, pinkish buff (5A3), uncracked when fresh and dry, and with some scattered crevices upon drying. Sterile margin distinct, fimbriate and white; subiculum not found. Hyphal structure:—Hyphal system monomitic; clamped, hyaline, thin-walled generative hyphae in subhymenium, frequently branched, 2–8 µm in diameter, IKI–, CB–. Abundant crystalline matter present among hyphae. Tissues unchanged in KOH. Hymenium:—Cystidia and cystidioles absent; basidia pleural or clavate, with 4 sterigmata and a basal clamp connection, 20–26 × 5–8 µm; basidioles in shape similar to basidia, but shorter than basidia. Basidiospores:—Broadly ellipsoid to subglobose, hyaline, thin-walled, warted, IKI–, CB–, (3.5–)3.8–5(–6) × 3.3–4(–5) µm, L = 4.43 µm, W = 3.9 µm, Q = 1.14 (n = 60/1).Published as part of Liu, Zhan-Bo & Yuan, Yuan, 2022, A new species of Xenasmatella (Polyporales, Basidiomycota) from southern China, pp. 185-192 in Phytotaxa 556 (2) on pages 188-190, DOI: 10.11646/phytotaxa.556.2.8, http://zenodo.org/record/696603
The tale of Lady Tan: negotiating place between Central and local in Song-Yuan-Ming China
Get PDFThis paper explores the story of Lady Tan across genres from biographical record to temple inscription and marvellous tale, highlighting different representations of ‘the local’ in these stories: the loss of local belonging for some, inscribing the morals of a local community for others. Focusing on this tale, this essay argues that locality and belonging were contested constructs, especially during the Song-Yuan-Ming transitional period. Ex-ploring how literati understood themselves in relation to their localities contributes to our understanding of literati identities and the meaning of ‘the local’, in a period with ‘weak central government’, or as a repeating pattern of centralisation and localisation. It reveals the complexities in-volved in giving meaning to locality and negotiating belonging. In Ji'an prefecture, the centralising policies of the Hongwu and Yongle emperors were felt locally and affected how literati positioned themselves between central government and local community. This focus on literati writings from a single prefecture suggests that a close reading of the negotiations that form part of constructing locality and belonging in Ji'an can reveal the potential for a complex interplay between central government and local communities throughout China
Yuan Real Exchange Rate Undervaluation, 1997-2006. How Much, How Often? Not Much, Not Often
Get PDFYuan real effective exchange rate misalignment is esitimated in a behavioral equilibrium exchange rate (BEER) model for the period 1997 to third quarter 2007. Using the Beveridge-Nelson decomposition a vector error correction model (VECM) of the exchange rate as a function of macroeconomic fundamentals, including government expenditures, economic openness, the balance of trade surplus, and net foreign assets, is estimated. We find that the Chinese Yuan has been fluctuating moderately around its long run equilibrium value with undervaluation up to 4% and overvaluation up to 6% at various points in time since 1997. This result is consistent with findings of many of the most recent studies employing alternative econometric methodologies to determine the equilibrium exchange rate. While the Yuan real effective exchange rate has deviated from equilibrium, and it is sticky, taking over five years to correct 50% of the short run misalignment, it does not appear to have been consistently undervalued as has been widely argued.Chinese Yuan, Exchange Rate, Misalignment, BEER, Behavioral, Cointegration, ARIMA, VECM, FGLS.
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