Causes of the change of real exchange rate of RMB: Evidence from an SVAR model

被引：0
|
作者：
Jiang, Xingwang [1 ]
Wan, Xianyun [1 ]
机构：
[1] Zhejiang Normal Univ, Jinhua 321004, Zhejiang, Peoples R China
来源：
ADVANCES IN BUSINESS INTELLIGENCE AND FINANCIAL ENGINEERING | 2008年 / 5卷
关键词：
the change of real exchange; nominal exchange rate; SVAR model;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The change of real exchange rate of RMB (Reminbi) is influenced by real and nominal factors. The former includes the productivtity rate and trade conditions; the latter involves nominal exchange rate and money supply. With the employment of SVAR model, we find that nominal factors are the chief ones that cause the real exchange rate to change. Amongst nominal factors, nominal exchange rate has greater influence on the change of real exchange rate than monetary factors. Therefore, the continuous growth of China's economy fails to explain the change of real exchange of RMB.
引用
收藏
页码：1006 / 1012
页数：7
相关论文
共 50 条
  • [1] Sources of real exchange rate variability in Poland - Evidence from a Bayesian SVAR model with Markov Switching Heteroscedasticity
    Dabrowski, Marek A.
    Kwiatkowski, Lukasz
    Wroblewska, Justyna
    12TH PROFESSOR ALEKSANDER ZELIAS INTERNATIONAL CONFERENCE ON MODELLING AND FORECASTING OF SOCIO-ECONOMIC PHENOMENA, 2018, 1 : 90 - 99
  • [2] The Analysis of RMB Real Exchange Rate Based on Real Interest Differential Model
    Han, Xu
    Wang, Xiang-ning
    PROCEEDINGS OF SYMPOSIUM ON INTERNATIONAL TECHNICAL BARRIERS TO TRADE AND STANDARDIZATION, 2008, : 204 - 207
  • [3] What Explains Real and Nominal Exchange Rate Fluctuations?: Evidence from SVAR Analysis for India
    Inoue, Takeshi
    Hamori, Shigeyuki
    ECONOMICS BULLETIN, 2009, 29 (04): : 2803 - 2815
  • [4] Real Exchange Rate Behavior under Peg: Evidence from the Chinese RMB and Malaysian MYR
    Yongjian, E.
    Gu, Anthony Yanxiang
    Yang, Chau-Chen
    REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES, 2009, 12 (01) : 141 - 158
  • [5] NATREX AND DETERMINATION OF REAL EXCHANGE RATE OF RMB
    Holger van Eden (Netherlands Economic Institute) LIU Bin (The People’s Bank of China) Gerbert Romyn (Netherlands Economic Institute) YANG Xiaoguang (Laboratory of Management
    Journal of Systems Science and Complexity, 2001, (04) : 356 - 372
  • [6] Trade Balance, Real Exchange Rate and Trade Policy Uncertainty in Turkiye: Evidence from the SVAR Approach
    Unlu, Fatma
    EKOIST-JOURNAL OF ECONOMETRICS AND STATISTICS, 2024, (40): : 63 - 75
  • [7] Analysis of RMB's Real Effective Exchange Rate after the "Exchange Rate Reform"
    Xing, Yusong
    Wang, Aihua
    PROCEEDINGS OF THE 2017 7TH INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT, COMPUTER AND SOCIETY (EMCS 2017), 2017, 61 : 561 - 567
  • [8] Is the floating exchange rate a shock absorber in Albania? Evidence from SVAR models
    Miteza, Ilir
    Tanku, Altin
    Vika, Ilir
    ECONOMIC CHANGE AND RESTRUCTURING, 2023, 56 (02) : 1297 - 1326
  • [9] Is the floating exchange rate a shock absorber in Albania? Evidence from SVAR models
    Ilir Miteza
    Altin Tanku
    Ilir Vika
    Economic Change and Restructuring, 2023, 56 : 1297 - 1326
  • [10] The effect of real exchange rate uncertainty on Turkey's foreign trade: new evidences from SVAR model
    Kose, Nezir
    Aslan, Caglayan
    ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2023, 30 (02) : 553 - 567
12345