Title: RMB Nominal Exchange Rate and Chinese Import from America: Based on the Monthly Data after the Exchange Rate Regime Reform in July 2005
Abstract:This paper analyses the impact of RMB nominal exchange rate on Chinese import from America after RMB exchange rate regime reform in July 2005. The study finds that Chinese import from the United State...This paper analyses the impact of RMB nominal exchange rate on Chinese import from America after RMB exchange rate regime reform in July 2005. The study finds that Chinese import from the United States, RMB nominal exchange rate and China's actual income have the co integration relationship. RMB nominal exchange rate and Chinese import from America have two-way Granger causality. China's actual income and Chinese import from the United States do not have two-way Granger causality: China's actual income is the Granger reason of Chinese import from America, but Chinese import from the United States is not the Granger reason of China's actual income. This paper uses the generalized impulse response function to study the dynamic response of Chinese import from America to the RMB-dollar nominal exchange rate, finding that Chinese import from America to the RMB-dollar nominal exchange rate reflects a long-lasting negative response.Read More
Publication Year: 2012
Publication Date: 2012-05-11
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot