Assessing Chinese Currency Regime (2012)

Mohsin Alvi and Usman Kamal

Journal of Empirical Economics, 2015, vol. 4, issue 2, 78-83

Abstract: The current study updates the question about the relation of Chinese currency with its major trading partner currencies. The study revolves to analyze the Chinese exchange rates. It is assumed that Chinese Yuan have a major relation with US Dollar and in order to find out such impact, around 2060 observations have been used and Dickey Fuller Unit root test has been applied in order to find out the trend and checked non-stationary at several levels. After that Multiple Regression had been applied on stationary observations. Finally result revealed that US Dollar and Japanese Yen have a significantly relation with Chinese Yuan whereas Euro and Great Britain Pound are not having significantly relation. It was also found that Chinese Yuan let itself change due to some internal factors.

Keywords: A.D.F. Unit Root test; Stationarity; Currency rates (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Working Paper: Assessing Chinese currency regime (2012) (2012)
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