Economics, Econometrics and Finance
5 years ago

Stable RMB exchange rate has limited impact on Sino-Korea trade balance.

Huadong Shifan Daxue xuebao. Ziran kexue ban
The Real Bilateral Exchange Rate of RMB and Sino-Korean Trade Balance——An Empirical Research Based on Time Series
Zhou Yan amp

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The study looked at how the exchange rate of Chinese currency (RMB) affects trade between China and Korea. They found that while there is a long-term connection between the exchange rate and trade balance, changes in the exchange rate have only a small impact on trade. In the short term, changes in the exchange rate do not immediately affect trade balance. So, even if the RMB slowly gets stronger, it won't cause big changes in trade between China and Korea.