Empirical Study on Relationship Between RMB Exchange Rate and House Price After RMB Joins SDR (Special Drawing Rights)

DOI

10.2991/aebmr.k.210210.012How to use a DOI?

Keywords

real effective exchange rate of RMB, real estate price index, VAR (Value at Risk) model

Abstract

Real effective exchange rate of RMB released by Bank for International Settlements and monthly data on housing prices issued by National Bureau of Statistics were analyzed using Eviews software in the paper. Stationary test is conducted. With this as basis, the VAR (Value at Risk) model is created and the Granger causality of the model is elaborated. Results show that the real estate price serves as the Granger causation of RMB exchange rate.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Aping Zhao
AU  - Lin Chen
PY  - 2021
DA  - 2021/02/21
TI  - Empirical Study on Relationship Between RMB Exchange Rate and House Price After RMB Joins SDR (Special Drawing Rights)
BT  - Proceedings of the 6th International Conference on Economics, Management, Law and Education (EMLE 2020)
PB  - Atlantis Press
SP  - 71
EP  - 76
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210210.012
DO  - 10.2991/aebmr.k.210210.012
ID  - Zhao2021
ER  -