China-US economic and trade relations, trade news, and short-term fluctuation of the RMB exchange rate

被引：7
|
作者：
Guo, Wei [1 ]
Chen, Zhongfei [2 ]
机构：
[1] Guangdong Univ Finance, Sch Credit Management, Guangzhou, Guangdong, Peoples R China
[2] Jinan Univ, Sch Econ, 601 Huangpu West Rd, Guangzhou, Guangdong, Peoples R China
来源：
REVIEW OF INTERNATIONAL ECONOMICS | 2023年 / 31卷 / 01期
基金：
中国国家社会科学基金;
关键词：
China-US economic and trade relations; RMB exchange rate; trade news; LONG-RUN; DETERMINANTS; MARKET; ANNOUNCEMENTS; PRODUCTIVITY; VOLATILITY; LESSONS; IMPACT;
D O I：
10.1111/roie.12622
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The trade war between the US and China affects the fluctuation of RMB exchange rate. We collect news on China-US trade policies and talks from January 2017 to July 2020. Results show that China-US dialogue and tariff imposition have the greatest impact on the percentage of RMB appreciation and depreciation. Additionally, tariff relaxation and increasing enterprise restrictions can cause a sharp appreciation and depreciation. "Policies" events and trade news from the US influence RMB fluctuations the most significantly. Finally, positive events cannot significantly cause RMB appreciation, but negative events can significantly cause RMB devaluation.
引用
收藏
页码：180 / 203
页数：24
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