The effect of foreign exchange volatility on trade: evidence from China

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dc.contributor.authorWang, Qi
dc.date.accessioned2016-12-05T09:17:58Z
dc.date.available2016-12-05T09:17:58Z
dc.date.issued2016
dc.descriptionMaster Thesis Paper Submitted to: Wits Business School University of the Witwatersrand Johannesburg, South Africa Master in Finance & Investment, 2015en_ZA
dc.description.abstractDoes the volatility of the Renminbi (RMB) have any significant impact on China’s trade? This fundamental question has garnered considerable debate in both the academic and financial circles. The recent “currency wars” amongst larger economies has further fueled the question. Using a number of econometric methods, this research dissects the heart of the effect of the volatility of exchange rate on trade. The research makes crucial findings to provide an affirmative response to the central question posed. In line with most theoretical and empirical studies, the study found that volatility of exchange rate has a positive impact on trade by boosting exports and reducing imports. The appreciation of the RMB has tended to lead to a decrease in China’s global competitiveness, and often suppresses growth. The research provides an important insight on how Chinese monetary authorities can maintain the managed pegged currency system while simultaneously expanding economic growth. Key words: Exchange rate volatility; trade balance; imports; exports; causality; appreciation; depreciation.en_ZA
dc.description.librarianMT2016en_ZA
dc.format.extentOnline resource (77 leaves)
dc.identifier.citationWang, Qi (2016) The effect of foreign exchange volatility on trade: evidence from China, University of the Witwatersrand, <http://wiredspace.wits.ac.za/handle/10539/21500>
dc.identifier.urihttp://hdl.handle.net/10539/21500
dc.language.isoenen_ZA
dc.subject.lcshForeign exchange rates--China
dc.subject.lcshChina--Economic conditions
dc.subject.lcshChina--Foreign economic relations
dc.titleThe effect of foreign exchange volatility on trade: evidence from Chinaen_ZA
dc.typeThesisen_ZA
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