The Impact of Joining the RMB offshore market on International Trade Dependence / 成為人民幣離岸市場對貿易依存度的影響

碩士 / 輔仁大學 / 金融與國際企業學系金融碩士在職專班 / 102 / In recent years, the Chinese government continues to deepen reform. On the other hand, Hong Kong, London, Singapore and Taiwan have all set up an offshore RMB market, using trade settlement in RMB as a tool, and gradually increase the ratio of offshore renminbi payments. In addition, the People's Bank of China has also expanded with the central banks signing currency swap agreements with 22 countries, including South Korea's central bank, the Reserve Bank of Australia, the Bank of England and other central banks. From the People's Bank of China's strategic layout, you can see that the People's Bank of China is gradually promoting RMB trade settlement payout ratio in process to the world, but also take the time to reduce the risk of international trade and trade rival countries to exchange rate fluctuations. In this study, t test and tracking data (Panel data) regression analysis for the first quarter in 1994 to fourth quarter in 2013 data for this purpose, to make a thorough study on the establishment of an offshore RMB market and before signing a fixed currency swap agreement with China, afterward the trade dependence on China's trading partners are subject to change. And joined in the study of the individual effects, and considering the time of the Asian financial crisis and the subprime mortgage crisis.

The empirical results show, become an offshore RMB market, and before the signing of the RMB exchange agreement with China after China's trading partners because of trade dependence on China to become an offshore RMB market, and while a significant increase in the RMB exchange agreement signed with China.

Identiferoai:union.ndltd.org:TW/102FJU01214007
Date January 2014
CreatorsChen, Li-Chiu, 陳麗秋
ContributorsTsai,Li-Ju, 蔡麗茹
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format55

Page generated in 0.01 seconds