Exchange value of the renminbi and China's balance of trade : a re-examination.

Exchange value of the renminbi and China's balance of trade : a re-examination.

This paper examines the dynamic relationships amongst the real exchange value, balance of trade and domestic price of China. Granger modified causality tests for coinegrated variables are used to examine the causality amongst the variables. Results show presence of only unidirectional causality from...

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Main Authors: Soh, Cheow Tuan., Lim, Wayne Sze Meng.
Other Authors: Wang, Ruifang
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::Finance::Foreign exchange
Online Access:http://hdl.handle.net/10356/11196
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Institution: Nanyang Technological University
id sg-ntu-dr.10356-11196
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spelling sg-ntu-dr.10356-111962023-05-19T06:24:08Z Exchange value of the renminbi and China's balance of trade : a re-examination. Soh, Cheow Tuan. Lim, Wayne Sze Meng. Wang, Ruifang Nanyang Business School DRNTU::Business::Finance::Foreign exchange This paper examines the dynamic relationships amongst the real exchange value, balance of trade and domestic price of China. Granger modified causality tests for coinegrated variables are used to examine the causality amongst the variables. Results show presence of only unidirectional causality from trade balance to real exchange rate and domestic price, suggesting that the external sector has no influence on her real exchange rate and that devaluation will improve her trade balance. They also show that the price adjustment process in the Chinese economy is slow. 2008-09-24T07:52:16Z 2008-09-24T07:52:16Z 2000 2000 Final Year Project (FYP) http://hdl.handle.net/10356/11196 Nanyang Technological University application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Business::Finance::Foreign exchange
spellingShingle DRNTU::Business::Finance::Foreign exchange
Soh, Cheow Tuan.
Lim, Wayne Sze Meng.
Exchange value of the renminbi and China's balance of trade : a re-examination.
description This paper examines the dynamic relationships amongst the real exchange value, balance of trade and domestic price of China. Granger modified causality tests for coinegrated variables are used to examine the causality amongst the variables. Results show presence of only unidirectional causality from trade balance to real exchange rate and domestic price, suggesting that the external sector has no influence on her real exchange rate and that devaluation will improve her trade balance. They also show that the price adjustment process in the Chinese economy is slow.
author2 Wang, Ruifang
author_facet Wang, Ruifang
Soh, Cheow Tuan.
Lim, Wayne Sze Meng.
format Final Year Project
author Soh, Cheow Tuan.
Lim, Wayne Sze Meng.
author_sort Soh, Cheow Tuan.
title Exchange value of the renminbi and China's balance of trade : a re-examination.
title_short Exchange value of the renminbi and China's balance of trade : a re-examination.
title_full Exchange value of the renminbi and China's balance of trade : a re-examination.
title_fullStr Exchange value of the renminbi and China's balance of trade : a re-examination.
title_full_unstemmed Exchange value of the renminbi and China's balance of trade : a re-examination.
title_sort exchange value of the renminbi and china's balance of trade : a re-examination.
publishDate 2008
url http://hdl.handle.net/10356/11196
_version_ 1770563789792477184

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