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- W2381291664 abstract "3-state-Markov regime-switching model was first introduced into AR model to investigate the dynamic path of the real effective exchange rate of RMB from January,1991 to June,2008. According to the results,there are three regime states of the path of the REER of RMB,i.e. over-depreciation regime,moderate-appreciation regime and appreciation regime. The main results of the study are as follows:①the dynamic path of the REER of RMB,most of the time,are in the regime of moderate-appreciation regime and appreciation regime; ②the two reforms of the foreign exchange rate system since 1991 both had a positive influence on the REER of RMB." @default.
- W2381291664 created "2016-06-24" @default.
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- W2381291664 date "2010-01-01" @default.
- W2381291664 modified "2023-09-26" @default.
- W2381291664 title "The dynamic characteristics of real effective exchange rate of RMB and policy inspiration" @default.
- W2381291664 hasPublicationYear "2010" @default.
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