人民币汇率与东亚经济体汇率的相关性分析

An analysis on the exchange rates correlation between RMB and currencies of other East Asian economies

随着中国经济近年来的快速增长,人民币在周边国家和地区得到了普遍认可。文章通过对8个东亚经济体汇率受其他货币汇率影响情况的实证研究,发现尽管美元影响向力仍为主导,但人民币对这些货币汇率的影响力正在逐步提升。近年来,中国与东亚经济体贸易联系的日益加强和东亚经济体汇率政策的调整,可能是人民币在东亚地区影响力增强的两个主要原因。

As China＇s economy has grown rapidly in recent years,the Renminbi has come to be widely recognized by neighboring countries and regions.Based on an empirical analysis of the exchange rates of eight East Asian economies,this paper reveals that the Renminbi is having a gradually increasing impact on these exchange rates,however,the U.S.dollar still plays the dominant role.The increasing influence of the Renminbi in East Asia may be attributed to two factors：the growing trade ties between China and East Asian economies and the adjustments in the exchange rate policies of East Asian economies over recent years.