Aftab, Muhammad and Ismail, Izlin (2018) Impact of currency reform on Chinese external trade. International Journal of China Studies, 9 (1). pp. 67-78. ISSN 2180-3250,
Full text not available from this repository.Abstract
This paper discusses the impact of Chinese authorities’ 2005 decision to abandon the fixed exchange rate regime on China’s international trade. After such reform, exchange rate volatility tend to arise and that can affect a country’s international trade. As the Chinese economy is highly reliant on international trade, the consequences of exchange rate reform may be serious. Our findings reveal that the influence of exchange rate changes is negative only on China’s imports. There is no such influence for its exports. Therefore, the exchange rate fluctuations after the 2005 reform are encouraging for China’s trade balance. On the other hand, there is no significant effect on exchange rate volatility.
| Item Type: | Article |
|---|---|
| Funders: | UNSPECIFIED |
| Uncontrolled Keywords: | China; Exchange rate; Trade; Volatility |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economics > Dept of Finance and Banking |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 08 Oct 2019 02:08 |
| Last Modified: | 08 Oct 2019 02:08 |
| URI: | http://eprints.um.edu.my/id/eprint/22694 |
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