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
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