Empirical Research on Interest Rate and Exchange Rate in China

被引：0
|
作者：
Li Junjiang [1 ]
Dong Qiao [1 ]
机构：
[1] Cent Univ Finance & Econ, Sch Management Sci & Engn, Beijing 100081, Peoples R China
来源：
PROCEEDINGS OF THE ELEVENTH INTERNATIONAL SYMPOSIUM - MANAGEMENT SCIENCES AND ENGINEERING | 2011年
关键词：
Interest rate; Exchange rate; Coordination;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Though the relationship between interest rate and exchange rate is focus of many macroeconomic models, the empirical conclusions often go against. Because of the interest rate and exchange rate's role in promoting economic growth, it is necessary to learn the relationship between the two economic variables. In the article, we use Granger causality test to study the exchange rate-interest rate transmission mechanism, And conclude that the transmission mechanism don't work well after the exchange reform in China. Eventually, we put up with some suggestions to cohere interest rate policy with exchange rate policy.
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页码：446 / 449
页数：4
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