scholarly journals An Empirical Study of the Impact of RMB Exchange Rate Fluctuations on Sino-US Trade

2021 ◽  
Vol 235 ◽  
pp. 01040
Author(s):  
Yatong Ni
Keyword(s):  
Exchange Rate ◽  
Trade Deficit ◽  
Measurement Model ◽  
The United States ◽  
Rmb Exchange Rate ◽  
Exchange Rate Fluctuations ◽  
The Us ◽  
Import And Export ◽  
Exchange Rate Changes ◽  
The Impact

In recent years, the US has urged the yuan to appreciate in order to resolve its trade deficit with China. This article systematically analyzes the basic situation of the RMB exchange rate changes and the development of Sino-US import and export trade in the past 20 years, and uses Eviews to construct a measurement model to confirm that the impact of the RMB exchange rate on Sino-US trade is not as good as the economic development of the importing country The impact is significant, and the intention of the United States to improve the trade deficit by prompting the appreciation of the renminbi is ineffective. It also puts forward the policy recommendations that attach importance to the impact of excessive US consumption on Sino-US trade volume. The US should liberalize strict controls on China’s exports, further optimize the product structure of China’s imports and exports, and establish exchange rate risk prevention mechanisms.

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.

scholarly journals Exports, Exchange Rates and Productivity: An Analysis of the Japanese Manufacturing Sectors

2016 ◽  
Vol 6 (1) ◽  
pp. 7
Author(s):  
Atsuyuki Kato
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Sample Selection ◽  
Specific Productivity ◽  
Negative Effects ◽  
Firm Level ◽  
Transportation Equipment ◽  
Exchange Rate Fluctuations ◽  
Exchange Rate Changes ◽  
The Impact

This paper examines the effects of exchange rate changes and productivity on manufacturing exports. Using the dataset of the Japanese manufacturing firms during the period, 2002 – 2012, we discuss if exchange rate fluctuations deter export activities and if productivity and markup differences affect it. For this study, we estimate both firm specific productivity and markups by the production function based approaches and incorporate them into the Heckman sample selection model. Our results show exchange rates are important factors to affect firm-level exports as a whole while temporal aggregation should be carefully considered. In addition, this study also reveals that productivity and markup give different impacts on firm-level exports across industries. In the transportation equipment industry, negative effects of appreciation on exports are partly mitigated by higher productivity. Markups are positively related to exports in the electronics industry while negative in the transportation equipment. Neither productivity nor markup absorbs the impact of exchange rate changes in the machinery industry. Those findings imply that stability of exchange rates is very important while the effective trade policy may vary across industries following their trade structure.

scholarly journals FENOMENA KURS RUPIAH SEBELUM DAN SELAMA COVID-19

NIAGAWAN ◽  
2020 ◽  
Vol 9 (3) ◽  
pp. 197
Author(s):  
Pebri Hastuti ◽  
La Ane ◽  
Melati Yahya
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Quantitative Methods ◽  
The United States ◽  
Wilcoxon Test ◽  
The Us ◽  
Us Dollar ◽  
The Exchange Rate ◽  
The Government ◽  
The Impact

The COVID-19 pandemic was first announced by the government on March 2, 2020. COVID-19 has caused many impacts on various economic sectors in Indonesia. Not only in Indonesia but the impact of Covid-19 has disrupted world economic chains. In fact, it has the potential to cause an economic crisis in a number of countries if it is not dealt with quickly and appropriately. Especially in the exchange rate of the rupiah against the United States of America (US) which is increasingly weakening. This study aims to determine differences in the rupiah exchange rate before and during the co-19. The author uses library research instruments, documentation studies, internet browsing, where the data taken is secondary data from relevant agencies obtained from Bank Indonesia publications through Jakarta Interbank Spot Dollar Rate (Jisdor) data, data obtained from Jisdor is the rupiah exchange rate against the US dollar. This study uses quantitative methods with data analysis tools used are different test methods namely Wilcoxon Test with the help of the computer program SPSS Version 21. Where the data is taken from 7 November 2019 to 28 February 2020 before Covid-19 and during Covid-19 on March 2 until June 30, 2020. The method aims to find out significant differences between the rupiah exchange rates before and during the pandemic. The results of data processing showed that there were significant differences between the rupiah exchange rates before and during the pandemic. So it can be concluded that the spread of Covid-19 in the community will further weaken the exchange rate of the rupiah against the US Dollar.

scholarly journals Profit bridges that disambiguate impacts of currency fluctuations from other marketing variables

2021 ◽  
Author(s):  
Tim J. Smith ◽  
Kyle T. Westra ◽  
Nathan L. Phipps
Keyword(s):  
Exchange Rate ◽  
Multinational Corporation ◽  
Variable Cost ◽  
Currency Exchange ◽  
Business Units ◽  
Exchange Rate Fluctuations ◽  
Currency Exchange Rate ◽  
Marketing Variables ◽  
Exchange Rate Changes ◽  
The Impact

AbstractWe extend the normalized approach to constructing profit bridges proffered in a recent paper to examine the impact of currency exchange rate fluctuations within a multinational corporation. In doing so, we describe a profit bridge that would measure corporate performance distinct from that which would measure the performance of business units, including metrics for the impact of volume, price, variable cost, offering mix, and exchange rate changes.

scholarly journals Utjecaj krize na promjene osobne potrošnje pojedinaca: sjećanje na krizu i odluke o potrošnji budućeg dohotka

2017 ◽  
Vol 7 (2) ◽  
pp. 66
Author(s):  
Marko Atelj ◽  
Ivona Mikulandra Volić ◽  
Josipa Perkov
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Binary Logistic Regression ◽  
Natural Logarithm ◽  
Exchange Rate Fluctuations ◽  
Personal Consumption ◽  
Future Income ◽  
The Republic ◽  
Exchange Rate Changes ◽  
The Impact

The impact of the crisis on the change and the characteristics of personal consumption in the Republic of Croatia is a subject of numerous studies. The emergence of the crisis is perceived as an unforeseen shock to the consumer leading to a research about the extent that this shock had on decisions related to personal consumption and spending of future incomes. The question that remains is how long does the memory of the crisis lasts and how much time after the end of the crisis or its decrease it continues to affect decisions regarding the spending of individuals. In this paper, through a survey of 521 respondents, a research was conducted investigating whether the shock caused by the Swiss franc's exchange rate fluctuations is influencing current consumption or the spending of future income through the use of loans. Are individuals expecting a re-occurrence of significant exchange rate changes and interest rates and are they making decisions on spending future income in the light of these expectations? In order to examine how the shock caused by changes in the Swiss franc exchange rate affects opinions about loans a binary logistic regression was used. The results show that the natural logarithm of chance that an individual was affected by the shock relating to his attitude towards loans was positively associated with the shock experience (p

“Contesting the Cynicism of Neoliberalism”

2017 ◽  
Vol 16 (2) ◽  
pp. 242-263 ◽  
Author(s):  
Ming Liu
Keyword(s):  
New York ◽  
Exchange Rate ◽  
New York Times ◽  
Media Discourse ◽  
The Us ◽  
Neoliberal Ideology ◽  
Exchange Rate Changes ◽  
The Impact ◽  
Different Levels ◽  
China Daily

Abstract This article aims to expose the hegemony of neoliberalism in media discourse through a corpus-assisted discourse study of the representations of the Sino-US currency dispute in two newspapers – China Daily (CD) from China and The New York Times (NYT) from the US. The findings suggest that while neoliberal ideology can be identified in both CD and NYT, it is articulated and appropriated differently in the two newspapers to construct their respective stance towards the issue. Neoliberal beliefs are found pervading different levels of discourse (i.e., thematic, lexical and grammatical) in NYT to construct a combative stance towards China’s exchange rate policies. However, the hegemony of neoliberalism can also be detected through CD’s ambivalent stance towards change and the seemingly contradictory evaluation of the impact of exchange rate changes.

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