The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China
Download or Read eBook The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China PDF written by Mr.Zhongxia Jin and published by International Monetary Fund. This book was released on 2003-04-01 with total page 29 pages. Available in PDF, EPUB and Kindle.
| Author | : Mr.Zhongxia Jin |
| Publisher | : International Monetary Fund |
| Total Pages | : 29 |
| Release | : 2003-04-01 |
| ISBN-10 | : 9781451848922 |
| ISBN-13 | : 1451848927 |
| Rating | : 4/5 (22 Downloads) |
Book Synopsis The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China by : Mr.Zhongxia Jin
Book excerpt: Based on China's experience between 1980 and 2002, a cointegrated vector autoregression model was established to explore the relationships among real interest rates, real exchange rates and balance of payments in China. Taking into account institutional changes, the empirical study shows that significant and usually non-monotonic interactions exist between these three variables. The paper discusses theoretical and policy implications of the empirical result.
