The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China : 1980-2002 »
Series: IMF Working Papers
Author(s): Zhongxia Jin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
Keywords: exchange rate, foreign exchange, real exchange rate, real interest rate, exchange reserves, Econometric Methods: - Multiple/Simultaneous Equation Models, Money and Interest Rates, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Based on China's experience between 1980 and 2002, a cointegrated vector autoregression model was established to explore the relationships among real interest rates, real exchange rates and balance of payments in C...