The Dynamic Impact of International Trade on the Internationalization of the RMB
The research on the relationship between international trade and currency internationalization has attracted extensive attention.Based on relevant literature and theoretical research,the paper puts forward three research hypotheses,selects China's monthly data from January 2010 to December 2022,and empirically analyzes the dynamic impact of China's international trade volume,international trade product structure,exchange rate risk in international trade,and international trade type on RMB internationalization by a vector autoregressive(VAR)model.The results show that the increase in China's international trade volume has a short-term negative and long-term positive dynamic impact on RMB internationalization.The adjustment of the product structure of international trade has a continuous and significant positive impact on the internationalization of RMB,and the processing trade has a relatively obvious promotion role in the short term.
RMB InternationalizationInternational Trade VolumeInternational Trade Product StructureVAR Model
NETL
NSTL
万方数据
维普
