Current Status of RMB Cross-border Trade Settlement and an Empirical Analysis of the Influencing Factors of Its Scale

DOI

10.2991/aebmr.k.220307.383How to use a DOI?

Keywords

RMB cross-border trade settlement; current situation; VAR model; influencing factors

Abstract

This article starts with the current status of RMB cross-border trade settlement, combined with data analysis, and summarizes the share of RMB cross-border payment in the global market, the coverage of RMB cross-border trade settlement system, the normalization of RMB swaps, and the new growth of RMB cross-border service trade Points. In order to explore the influencing factors of RMB cross-border trade settlement, this paper selects 72 periods of time series data from January 2015 to December 2020 to carry out the research. By constructing a VAR model, it analyzes the impact of factors that affect the RMB settlement of cross-border trade from the long-term and short-term.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Han Wang
PY  - 2022
DA  - 2022/03/26
TI  - Current Status of RMB Cross-border Trade Settlement and an Empirical Analysis of the Influencing Factors of Its Scale
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2351
EP  - 2354
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.383
DO  - 10.2991/aebmr.k.220307.383
ID  - Wang2022
ER  -