Evaluating Co-movements with the Total Value of Import and Export with Exchange Rate in Yunnan Province

2013 ◽  
pp. 41-50
Author(s):  
Xinyu Yuan ◽  
Songsak Sribooditta ◽  
Berlin Wu ◽  
Jiechen Tang
Keyword(s):  
Exchange Rate ◽  
Yunnan Province ◽  
Import And Export

The influence of USD/CNY foreign exchange rate, RMB NEER and spatial effects on China’s foreign trade

2016 ◽  
Vol 6 (3) ◽  
pp. 304-318 ◽  
Author(s):  
Hua Wang ◽  
Junjun Zhu
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Export Trade ◽  
Content Type ◽  
Spatial Panel ◽  
Panel Model ◽  
Chinese Export ◽  
Import And Export ◽  
Spatial Panel Model ◽  
Percent Decline

Purpose – The purpose of this paper is to analyze the influence of different forms of RMB foreign exchange rates on Chinese foreign trade. Design/methodology/approach – This paper constructed spatial panel model and Markov Chain Monte Carlo estimation method and collected the data of 25 countries’ (including China) quarterly macroeconomic data from first quarter of 1993 until third quarter of 2013 to conduct the data analysis. Findings – This paper finds that USD/CNY, which is widely used in trade settlement, is more significant in effecting Chinese export. Totally, 1 percent appreciation of CNY against USD will lead to 1.532 percent decline of Chinese export, while 1 percent appreciation of CNY NEER only 0.42 percent. What is more, 1 percent increases of the volatility of USD/CNY results in 0.579 percent decline of Chinese export. As policy suggestions, we should further reform the foreign exchange derivative market in China, and provide more currency derivatives, so that the ability of Chinese economy to deal with foreign exchange risk could be improved. Research limitations/implications – Effect of exchange rate on imports and exports relates to the future direction of China’s exchange rate policy. This paper claims that China should accelerate the construction of foreign exchange derivatives market, improving the ability to respond quickly to foreign currency risk. Practical implications – First, denominated exchange rate has more significant impact on the Chinese export trade to other countries than effective exchange rate. Second, the RMB exchange rate fluctuations also significantly affect the export trade. Third, China’s import and export trade have significant spatial effect. Social implications – This paper recommends the construction of the RMB currency futures market as soon as possible, providing a richer foreign exchange derivatives and other risk hedging instruments, thus to enhance the ability to respond to exchange rate risks. Originality/value – This paper uses spatial panel model with the refined data to study various factors on the import and export trade, and thus more comprehensive analysis on the impact of the exchange rate on the import and export trade with other major countries.

The Rise of the Dollar and Fall of the Euro as International Currencies

2019 ◽  
Vol 109 ◽  
pp. 521-526 ◽  
Author(s):  
Matteo Maggiori ◽  
Brent Neiman ◽  
Jesse Schreger
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Exchange Rate Regimes ◽  
Bank Loans ◽  
Foreign Exchange Reserves ◽  
Government Bonds ◽  
International Currency ◽  
International Currencies ◽  
Import And Export ◽  
Exchange Markets

International currencies play important roles as foreign exchange reserves but are also most frequently used to denominate corporate and government bonds, bank loans, and import and export invoices. These currencies offer unrivaled liquidity, constituting large shares of the volume on global foreign exchange markets, and are commonly chosen as the anchors targeted by countries with pegged or managed exchange rate regimes. We provide evidence suggesting a recent rise in the use of the dollar, and fall of the use of the euro, with similar patterns manifesting across all these aspects of international currency use.

International Monetary Fund

1953 ◽  
Vol 7 (3) ◽  
pp. 419-420
Keyword(s):  
United States ◽  
Exchange Rate ◽  
International Monetary Fund ◽  
Free Market ◽  
Exchange System ◽  
United States Dollar ◽  
Official Exchange Rate ◽  
Import And Export ◽  
The Government ◽  
The International Monetary Fund

After consulting the International Monetary Fund, on unification of its exchange system, the government of Greece on April 9, 1953, eliminated all multiple currency practices and adjusted the official exchange rate from 15,000 drachmas per United States dollar to 30,000 drachmas per United States dollar. The Fund's announcement of this action by the Greek government added that it welcomed and concurred in these policies. Another proposal to adjust an official exchange rate was approved by the Fund on May 14; the government of Bolivia proposed to establish a new par value for the boliviano of 190 bolivianos per United States dollar. The previous par value was 60 bolivianos per United States dollar. At the same time a Bolivian proposal to simplify its exchange system was approved; effective May 14 the exchange system was to consist of an official and a free market. The official market would be for all trade transactions, government payments, registered capital, and certain specified invisibles. All present exchange taxes, multiple import and export rates, retention quotas, compensation and divisas propias arrangements were eliminated. The Fund welcomed these efforts toward monetary stabilization and emphasized “the importance of firm anti-inflationary measures as a basis for further progress towards the achievement of Bolivia's international equilibrium.”

scholarly journals IMPACT OF TRADE ON ECONOMIC GROWTH OF PAKISTAN: AN ARDL TO CO-INTEGRATION APPROACH

2016 ◽  
Vol 55 (2) ◽  
pp. 47-58
Author(s):  
Nooreen Mujahid ◽  
Azeema Begum ◽  
Muhammad Noman
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Exchange Rate ◽  
Time Series Data ◽  
Policy Option ◽  
Stationary Time Series ◽  
Series Data ◽  
Long Run ◽  
Import And Export ◽  
The Relationship

This paper explores the relationship between export growth and economic growth in the case of Pakistan by employing time series data for the period 1971- 2013. This study has incorporated variables like GDP (Gross Domestic Product) exports, imports and Foreign Direct Investment (FDI). We have applied ARDL to co-integration and Error Correction Model (ECM). The study provides the evidence of stationary time series variables, the existence of the long - run relationship between them, and the result of ECM revealed short rum equilibrium adjustment. Pakistan has many options for enhancing the export of the country. There is a dire need to minimize trade barriers and restrictions such as import and export quotas. Government of Pakistan had introduced Structural Reforms for liberalization, privatization and de-regulation which will actually shifted the trend of trade at a significant level in the end of 1980s. Low levels of interest rate can help exportable industries in which investments are needed to promote and enhance the exports. Stable exchange rate is the first and the best policy option for increasing the export and managing the imports. There is a cause and effect relationship between exchange rate and FDI. Pakistan has to immediately find the policies and processes that support logistics and facilitates trade.

scholarly journals Exchange rate re-examined: The varying impact of import and export on exchange rate volatility

2016 ◽  
Vol 7 (1) ◽  
pp. 716-719
Author(s):  
Mohammad Naim Azimi
Keyword(s):  
Exchange Rate ◽  
Random Effects ◽  
Accurate Result ◽  
Exchange Rate Volatility ◽  
Significant Variable ◽  
Random Effects Model ◽  
Cross Sectional ◽  
Import And Export ◽  
The Exchange Rate ◽  
Statistical Results

This paper examines the varying impact of the Import and Export on the impulsiveness nature of the Exchange Rate in four EU (European Union) economies such as Austria, Germany, France and Italy for a period of 56 years from 1960 – 2015. In achieving an accurate result for testing this competing null hypothesis, variables are pooled by regression and the computation of random effects model is found to be rational upon which, the ultimate conclusion is drawn. The statistical results obtained from random effects model show that export is not a significant variable to impact the exchange rate while the import is found to be significant to impact the impulsiveness of the exchange rate across the economies over the concerned period of time. The validity and non-existence of cross sectional independence is further documented by statistical results obtained from the Hausman test.

scholarly journals Research on the Impact of Sino-US Trade Structure on the Real Effective Exchange Rate of RMB

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Jiajia Yan ◽  
Jinlong Cai
Keyword(s):  
United States ◽  
Exchange Rate ◽  
The United States ◽  
Real Effective Exchange Rate ◽  
Export Trade ◽  
Trade Structure ◽  
Effective Exchange ◽  
Import And Export ◽  
Effective Exchange Rate ◽  
The Impact

Since the beginning of 2018, Sino-US trade frictions have been escalating to the fields of science and technology, finance, and geography. Especially in the financial field, the United States has forcibly identified China as a “currency manipulator.” In order to analyze the impact of Sino-US trade on the RMB exchange rate, based on the Sino-US import and export trade data under the quarterly HS classification from 2003 to 2019 and the RMB real effective exchange rate, this article carries out the traditional time series test, seasonal unit root test, and cointegration test and further constructs the seasonal error correction model to explore the long-term and short-term dynamic impact of Sino-US import and export trade structure on RMB real effective exchange rate. The results shows that the upgrading and optimization of the overall trade structure between China and the United States will increase the appreciation pressure of RMB real effective exchange rate. There are seasonal and long-term trends between RMB real effective exchange rate and different types of import and export trade structures between China and the United States. Therefore, this article not only strongly refutes the “theory of RMB appreciation” and puts forward policy suggestions to effectively deal with the negative impact of Sino-US trade friction but also provides a research framework for global trade, especially the decoupling of trade structure and exchange rate between developing and developed countries.

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