Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

Research on the Impact of RMB Internationalization on China’s Trade Competitiveness

An Empirical Analysis Based on the VAR Model

Authors
Fangxu Dong1, a
1School of business administration, Zhongnan University of economics and law, hubei, 430000, China
aCorresponding author’s Email: dongfangxu1208@191email.com
Corresponding Author
Fangxu Dong
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.279How to use a DOI?
Keywords
RMB internationalization; trade competitiveness; VAR model
Abstract

With the continuous development of China’s foreign trade level and the improvement of the RMB’s international status, the use of RMB in international transactions and settlements has become more frequent, and the level of RMB internationalization has achieved a historic breakthrough. The Chinese government has taken many relevant measures to promote the development of the internationalization of the RMB, but at present, the degree of internationalization of the RMB cannot effectively meet the needs of China’s international trade and rational capital flow. Based on the perspective of time series, this paper uses the VAR model to conduct empirical analysis on the relationship between RMB internationalization and trade competitiveness, draws relevant conclusions and proposes targeted recommendations, tries to add new impetus to China’s trade competitiveness.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.279How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Fangxu Dong
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Impact of RMB Internationalization on China’s Trade Competitiveness
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1731
EP  - 1738
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.279
DO  - 10.2991/assehr.k.211209.279
ID  - Dong2021
ER  -