教師資料查詢 | 類別: 期刊論文 | 教師: 李沃牆 Lee, Wo-chiang (瀏覽個人網頁)

標題:An Analysis on the Correlation between RMB Exchange Rate Fluctuation and East Asian Exchange Rate Fluctuations”
學年106
學期1
出版(發表)日期2017/12/31
作品名稱An Analysis on the Correlation between RMB Exchange Rate Fluctuation and East Asian Exchange Rate Fluctuations”
作品名稱(其他語言)
著者李沃牆; 余世昌
單位
出版者
著錄名稱、卷期、頁數Asian Economic and Social Society 7(11), p.1045-1054
摘要Before 2005 July 21st, RMB exchange rate was pegged to US Dollar and adopted a fixed exchange rate. The correlation between RMB exchange rate and exchange rates of other East Asian economies was not significant. Empirical findings indicated that since Mainland China changed its exchange rate regime to a basket of currencies on July 22nd, 2005, in addition to the insignificant correlation between RMB exchange rate and exchange rates of Hong Kong, Malaysia, Thailand, and Indonesia duration the certain period, the correlation between exchange rate fluctuations of RMB and other East Asian economies is significantly related. This shows that the exchange rate regime of East Asian economies is mostly pegged to a basket of currencies. In order to avoid effects of exchange rate fluctuations from other countries on trade interests, exchange rate fluctuations of East Asian economies have a clear regional linkage. However, Mainland China’s exchange rate policy is gradually becoming more open, causing RMB exchange rate fluctuations to become an important reference for overall exchange rate structure in East Asia. RMB internationalization will continue in the future, cross-border trade with RMB settlement increasing, and RMB offshore market size will also expand. And currently Mainland China is leading East Asian economic and trade integration; hence RMB exchange rate fluctuations will have a significant impact on exchange rate fluctuations of other East Asian economies in the foreseeable future.
關鍵字
語言英文
ISSN
期刊性質國外
收錄於EI;
產學合作
通訊作者李沃牆
審稿制度
國別美國
公開徵稿
出版型式,電子版
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