Analyses and Forecast of RMB Real Effective Exchange Rate based on a Basket of Currencies

摘要：

There are less RMB real effective exchange rate reflecting relative labor productivity and based on a basket of currencies than we have ordinary watched. The paper sets up RMB real effective exchange rate based on commercial market and capital market The paper probes RMB real effective exchange rate model regarding modified HBS (Harrod-Balassa-Samuelson Hypothesis)as the weights in RMB exchange rate regime of a basket of currencies. After testing the model, it is discovered that the model is efficiently able to resist the attacks, such as our country withdrawing the traded barriers, hotcapitals in the course of opening the capital market and etc.

关键词： RMB A basket of currencies Real effective exchange rote Reality research

作者: ZHANG Hejie

作者单位: College of Business Administration,Zhejiang University of Technology,Hangzhou 310014,P.R.China

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 98-104

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）