RMB Exchange Rate and Local Currency Price Stability : The Case of China and ASEAN+3

This paper uses Chinese and ASEAN+3 industry panel data to measure variations in mark-up adjustment behaviour that is associated with the exchange rate changes across export destination markets. Exports that are substitutes for local products exhibit a high degree of mark-up adjustment, which has the effect of stabilising prices in export destination countries. There is evidence of this behaviour in certain export products to China where the Chinese Government provides subsidies. When markup adjustment behaviour exists, the short-term dynamic mark-up adjustments are consistent with the long-term pricing behaviour in source countries.RMB Exchange Rate, Local Currency Price Stability, China, ASEAN, ASEAN+3

Gluon saturation and pseudo-rapidity distributions of charged hadrons at RHIC energy regions

We modified the gluon saturation model by rescaling the momentum fraction according to saturation momentum and introduced the Cooper-Frye hydrodynamic evolution to systematically study the pseudo-rapidity distributions of final charged hadrons at different energies and different centralities for Au-Au collisions in relativistic heavy-ion collisions at BNL Relativistic Heavy Ion Collider (RHIC). The features of both gluon saturation and hydrodynamic evolution at different energies and different centralities for Au-Au collisions are investigated in this paper.Comment: 14 pages, 4 figure