The reform of exchange rate system in 2005 has settled down the floating exchange rate system with management in China. Until August this year, RMB/USD has appreciated about 16.65%. This paper measures the exchange market pressure (EMP) on RMB/USD, and use VAR model to analyze the relationship between EMP and domestic monetary policy . And from the results we find that the increase of China’s domestic interest rate of is the main cause of RMB pressure of appreciation, but the foreign interest rate has little effects on the pressure and it can affect the growth rate of China’s domestic credit. So,we deem that the theory of "ternary paradox" may not applicable to China, at least in the period of our investigation
The aim of this research is to analyze the relationship between Exchange Market Pressure (EMP) and m...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
The reform of exchange rate system in 2005 has settled down the floating exchange rate system with m...
This study investigates the relationship between the real exchange rate (RER) and economic growth in...
This thesis uses the concept of exchange market pressure (EMP) - which is a measure of ex ante exter...
Since the Chinese economic reforms and opening up to free trade, China has experienced sustained and...
This study will demonstrate, through an econometric and asset allocation approach, if and how the C...
We use a Factor-Augmented VAR (FAVAR) model to investigate the effectiveness of monetary policy in C...
China has been in a state that the currency appreciation is needed to restore the external balance. ...
Exchange market pressure (EMP), which provides a measure of the volume of intervention necessary to ...
Purpose The paper investigates the determinants of China’s daily intervention in the foreign exchan...
This paper studies both the level and volatility effects of RMB real effective exchange rate on the ...
This paper selects monthly data of exchange rate between RMB and USD as well as Chinese foreign exch...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
The aim of this research is to analyze the relationship between Exchange Market Pressure (EMP) and m...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
The reform of exchange rate system in 2005 has settled down the floating exchange rate system with m...
This study investigates the relationship between the real exchange rate (RER) and economic growth in...
This thesis uses the concept of exchange market pressure (EMP) - which is a measure of ex ante exter...
Since the Chinese economic reforms and opening up to free trade, China has experienced sustained and...
This study will demonstrate, through an econometric and asset allocation approach, if and how the C...
We use a Factor-Augmented VAR (FAVAR) model to investigate the effectiveness of monetary policy in C...
China has been in a state that the currency appreciation is needed to restore the external balance. ...
Exchange market pressure (EMP), which provides a measure of the volume of intervention necessary to ...
Purpose The paper investigates the determinants of China’s daily intervention in the foreign exchan...
This paper studies both the level and volatility effects of RMB real effective exchange rate on the ...
This paper selects monthly data of exchange rate between RMB and USD as well as Chinese foreign exch...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
The aim of this research is to analyze the relationship between Exchange Market Pressure (EMP) and m...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...
Based on the monthly data of foreign direct investment (FDI) in China and the index of real effectiv...