The relationship between the real exchange rate and balance of payments: empirical evidence for China from cointegration and causality testing

Narayan, Paresh Kumar and Smyth, Russell 2004, The relationship between the real exchange rate and balance of payments: empirical evidence for China from cointegration and causality testing, Applied Economics Letters, vol. 11, no. 5, pp. 287-291.

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Title The relationship between the real exchange rate and balance of payments: empirical evidence for China from cointegration and causality testing
Author(s) Narayan, Paresh Kumar
Smyth, Russell
Journal name Applied Economics Letters
Volume number 11
Issue number 5
Start page 287
End page 291
Publisher Routledge
Place of publication New York, N.Y.
Publication date 2004-04
ISSN 1350-4851
1466-4291
Summary This article examines the relationship between the renminbi real exchange rate and China's foreign exchange reserves using cointegration and Granger causality testing. The main findings are that in the long run foreign exchange reserves Granger cause the real exchange rate. Meanwhile, in the short run there is unidirectional Granger causality running from foreign exchange reserves to the real exchange rate.
Language eng
Field of Research 140210 International Economics and International Finance
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2004, Taylor and Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024661

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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