Empirical Analysis on RMB Ezchange Rate Volatility and Import and Ezport Commodities Trading in China
This paper makes an empirical analysis on exchange rate and import and export trading in China by using Granger causality testing, co integration test and vector error correction model. It is seen from the result that floating exchange rate system adopted by RMB exchange rate from January of 2005 to December of 2007. RMB appreciation is result in the increasing of import, but it cannot weaken export The increasing of export trading in China is forced by many non exchange rate factors, thus it is limited to resolve trade imbalance by means of exchange rate adjustment When short term fluctuation is deviated from long term equilibrium, balance state is pulled back from imbalance state by means of greater adjustment.
nominal ezchange rate import and ezport trade long term equilibrium short term fluctuation
Chunyu Wang Yanwei Wang Shen Zhong
School of Finance, Harbin University of Commerce, Harbin, 150028, China School of Finance and Public Management, Harbin University of Commerce, Harbin, 150028, China
国际会议
第八届武汉电子商务国际会议(The Eighth Wuhan International Conference on E-Business)
武汉
英文
1489-1494
2009-05-30（万方平台首次上网日期，不代表论文的发表时间）