Research on the Nonlinear Impact of Chinese Currency Swap on Import and Export Trade—Based on data analysis of"the Belt and Road"countries(regions)
Currency swaps between China and co-building"the Belt and Road"countries can facilitate smooth trade.This paper focuses on"the Belt and Road"countries(regions)and utilizes Pearson correlation coefficients and the PSTR model to analyze the trade effects of Bilateral Currency Swap Agreements(BCSA).The study finds that the scale of currency swaps is moderately positively correlated with trade volume and that currency swaps can nonlinearly impact import and export trade.Therefore,in the current unprecedented changes,it is important to focus on maintaining and expanding the scale of central bank currency swaps.By improving the initiation mechanism of currency swap funds,establishing standardized,sustainable,and long-term swap systems,and creating standardized currency swap agreement texts,a fixed and standardized currency swap en-vironment can be created to reduce the cost of import and export trade.
currency swap agreementimport and export tradePearson correlation coefficientPSTR model
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万方数据
