Title: Pass-through Effects of RMB/USD Exchange Rate on Imported Textile Price of USA from China:An Comparative Study before and after Reform of RMB Exchange Rate Regime
Abstract:Through cointegration and error correction model(ECM),this pa-per empirically analyzes the pass-through effects of variation of RMB on imported textile price of USA from China by using data from Jan.o...Through cointegration and error correction model(ECM),this pa-per empirically analyzes the pass-through effects of variation of RMB on imported textile price of USA from China by using data from Jan.of 1995 to Feb.of 2009.The results indicate that the pass-through effects were not so evident before the RMB exchange rate reform which took place in Jan.of 2005,but after the government elevated the variation elasticity of RMB exchange rates,the pass-through effects increased dramatically.Read More
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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