我国对外开放进程中人民币汇率传递效应分析

Transmission Effect Analysis on RMB Exchange Rate in the Process of China’s Opening-up

改革开放以来,我国的对外开放取得显著成就,对外开放程度随着经济发展不断扩大。本文以2001年12月中国加入世贸组织为界,运用协整检验和误差修正模型(VEC)对我国对外开放进程中的人民币汇率传递效应进行了实证分析,结果发现人民币汇率传递效应呈现上升的趋势。

China＇ s opening-up has made remarkable achievements since China opened up. As the economy is flourishing fast, the degree of opening-up is gradually expanding. Taking China＇ s accession into WTO in 2001 as the temporal boundary, this paper analyzes the transmission effect of RMB exchange rate in the process of opening-up by employing the co-integration test and error correct model （ECM） . The transmission effect of RMB exchange rate takes on a rising trend.