Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)

An Empirical Analysis of the Relationship between RMB Exchange Rate and Sino-US Trade Imbalance

Authors
Xinying Liu, Rui Li, Hui Cai
Corresponding Author
Rui Li
Available Online February 2019.
DOI
https://doi.org/10.2991/icfied-19.2019.49How to use a DOI?
Keywords
Unbalanced trade;exchange rate;Co-integration text
Abstract
With the development of Sino-U.S. trade, the trade friction has also intensified. Due to the continuous expansion of China's trade surplus, the United States believes that the serious undervaluation of the RMB is the main reason. The paper constructs an empirical analysis model, selects quarterly data from the first quarter of 2010 to the fourth quarter of 2017, and empirically analyzes the real exchange rate and the Sino-U.S. trade using methods found that there is a long-term equilibrium relationship between the trade surplus and real exchange rate. Finally, this article proposes policy suggestions on how to ease the trade imbalance between China and the United States.
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Proceedings
2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
February 2019
ISBN
978-94-6252-678-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/icfied-19.2019.49How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xinying Liu
AU  - Rui Li
AU  - Hui Cai
PY  - 2019/02
DA  - 2019/02
TI  - An Empirical Analysis of the Relationship between RMB Exchange Rate and Sino-US Trade Imbalance
BT  - 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
PB  - Atlantis Press
SP  - 262
EP  - 265
SN  - 2352-5428
UR  - https://doi.org/10.2991/icfied-19.2019.49
DO  - https://doi.org/10.2991/icfied-19.2019.49
ID  - Liu2019/02
ER  -