Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)

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The Impact of Exchange Rate Shocks on Prices of China - ASEAN Free Trade Area

Authors
Yaxian Lu, Jin Shuang
Corresponding Author
Jin Shuang
Available Online 9 July 2020.
DOI
10.2991/aebmr.k.200708.067How to use a DOI?
Keywords
exchange rate shocks, RMB exchange rate, China-ASEAN Free Trade Area, VAR model
Abstract

This paper mainly discusses the correlation between exchange rate and price, which is conducive to the study of economic and trade development between China and ASEAN Free Trade Area. The research method is mainly using VAR model with related data of exchange rate and price, researching and analyzing the connection between price level and RMB exchange rate changes. And on this basis, selected relevant data of China’s import and export trade in ASEAN Free Trade Area, selected RMB exchange rate, oil prices and other factors, empirically analyzed the impact of China’s current RMB exchange rate on commodity prices. At present, the price level and exchange rate volatility are in a relatively stable period, and the trend of price changes and the exchange rate remain basically the same. In the short term, changes in the exchange rate of the RMB have a significant impact on China-ASEAN bilateral trade. In particular, China’s import trade from the ASEAN countries is more sensitive to the appreciation of the RMB than the export trade. In the long run, the impact of exchange rate changes on the China-ASEAN Free Trade Area is relatively weak.

Copyright
© 2020, 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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Volume Title
Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
9 July 2020
ISBN
978-94-6252-983-0
ISSN
2352-5428
DOI
10.2991/aebmr.k.200708.067How to use a DOI?
Copyright
© 2020, 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/).

Cite this article

risenwbib
TY  - CONF
AU  - Yaxian Lu
AU  - Jin Shuang
PY  - 2020
DA  - 2020/07/09
TI  - The Impact of Exchange Rate Shocks on Prices of China - ASEAN Free Trade Area
BT  - Proceedings of the 4th International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2019)
PB  - Atlantis Press
SP  - 349
EP  - 352
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200708.067
DO  - 10.2991/aebmr.k.200708.067
ID  - Lu2020
ER  -