search query: @author Wei, Weixian / total: 5
reference: 4 / 5
| Author: | Wei, Weixian |
| Title: | A study of the forecasting model of the exchange rate of RMB based on the fluctuation of the exchange rate of U.S. dollar (original in Chinese) |
| Journal: | Forecasting (c)
1998 : 5, p.44-46 |
| Index terms: | EXCHANGE RATES FORECASTING |
| Language: | chn |
| Abstract: | On the basis of the determination model of the exchange rate of RMB, the essay applies methods in economics to study the relation between the exchange rate of RMB and that the US dollar. Furthermore, it builds up the forecasting model of the exchange rate of RMB. The findings indicate that although there is no coordinating and integrating relation between the exchange rates of RMB and US dollar, the cause and effect relation of short-term Granger from the exchange rate of US dollar to that of RMB does exist. This illustrates that changes of the exchange rate of US dollar involve priori information of future changes of exchange rate. |
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