摘要
一、引言一般而言，西方各主要货币的汇率是由外汇市场的供求关系自发决定的。而我国的人民币汇率则是国家根据经济形势和政策的需要来制定和调整的。特别是改革开放以来，汇率制度改革是中央政府改善国际收支状况的主要政策选择。直至１９９４年汇率并轨前，汇率政策的目...
Abstract This paper uses cointegration techniques to analyze the logical link between RMB exchange rate and export cost in China in the reform period.A possible long run cquilibrium relation between these variables is studied.Error correction model(ECM)which describes the moohanism of adjustment to long term equilibrium is built.We test the stability of ECM as well.The possible new relation between RMB exchange rate and export cost,which was based on the empirical analysis,is considered under the new exchange rate regime.In the end of this paper,the conclusions are given.
出处
《统计研究》
CSSCI
北大核心
1998年第5期16-20,共5页
Statistical Research
