The Status of Cross-border RMB Settlement and Its Influencing Factors: Evidence from Panel Data

DOI

10.2991/seiem-18.2019.122How to use a DOI?

Keywords

cross-border RMB settlement; gravity model; influencing factors

Abstract

In order to explore the current situation of cross-border RMB settlement and its influencing factors, this paper applies gravity model in empirical analysis. The results are as follows; the amount of cross-border RMB settlement is positively correlated with China's GDP, bilateral trade volume between China and border trading countries, and whether there is a positive correlation between China and its trade cooperation countries. Besides, cross-border RMBB settlement is negatively correlated with exchange rate fluctuation and geographical distance. Taking account of empirical results, this paper puts forward corresponding suggestions.

Copyright

© 2019, 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  - Shanshan Wang
AU  - Zhixin Wang
PY  - 2019/01
DA  - 2019/01
TI  - The Status of Cross-border RMB Settlement and Its Influencing Factors: Evidence from Panel Data
BT  - Proceedings of the 3rd International Seminar on Education Innovation and Economic Management (SEIEM 2018)
PB  - Atlantis Press
SP  - 473
EP  - 477
SN  - 2352-5398
UR  - https://doi.org/10.2991/seiem-18.2019.122
DO  - 10.2991/seiem-18.2019.122
ID  - Wang2019/01
ER  -