Assessing Chinese currency regime (2012)

Mohsin Alvi and Usman Kamal

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper updates the question: the study revolves to analyze the exchange rates of CNY with its major trading partners including USD, JPY, EUR, and GBP. It was assumed that CNY have a major relation with USD and in order to find out such impact, a set of observations of 2060 have been taken for consideration in a form of five different currencies rate. Augmented Dickey Fuller Unit root test has been applied in order to find out the trend and checked non-stationary at several levels (at level, at Log & at 1st difference of Log). After that Multiple Regression had been applied on stationer observations and then for finding better impact some non-impacting variables were eliminated. Result revealed that USD and JPY have a significantly impact on CNY whereas EUR and GBP do not have it. It was also found that CNY currency regime let itself change its exchange rate due to some internal factors. Other currencies as variables could be taken for further research in recent study in order to analyze other currency regime, represents the scope of research.

Keywords: A.D.F. Unit Root test; Stationarity; Currency rates (search for similar items in EconPapers)
JEL-codes: C1 E0 E02 F4 (search for similar items in EconPapers)
Date: 2012-12-30
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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https://mpra.ub.uni-muenchen.de/64944/1/MPRA_paper_44551.pdf revised version (application/pdf)

Related works:
Journal Article: Assessing Chinese Currency Regime (2012) (2015)
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