Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)

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The Effect of RMB Exchange Rate Appreciation and Aepreciation on Export

Authors
YuXuan Li1, *
1Grinnell College, Grinnell, 50112, USA
*Corresponding author. Email: tony_liyuxuan@163.com
Corresponding Author
YuXuan Li
Available Online 21 June 2024.
DOI
10.2991/978-94-6463-441-9_66How to use a DOI?
Keywords
exchange rate depreciation; exchange rate appreciation; export; heterogeneous effects
Abstract

The influence of exchange rates on global trade has long been a topic of significant interest and importance in the field of international economics. Exchange rates play a crucial role in determining the competitiveness of nations in the global marketplace, affecting the costs of imports and exports and shaping the dynamics of international trade flows. China has maintained its position as the world's largest country in goods trade for five consecutive years. At present, research on the impact of changes in the RMB exchange rate on export trade still has the following shortcomings: for the horizontal changes in the RMB exchange rate, current research has not distinguished the heterogeneous effects of RMB exchange rate appreciation and depreciation on exports. Based on that, This article subdivides the changes in exchange rate levels into appreciation and depreciation, this paper constructed a panel model in order to explore the heterogeneous impact of RMB appreciation and depreciation on exports.The study reveals that exchange rate appreciation and depreciation exhibit heterogeneous effects on export scale. In fact, contrary to expectations, exchange rate appreciation, which corresponds to currency depreciation, does not have a stimulating effect on China's export scale. Conversely, exchange rate depreciation, corresponding to currency appreciation, significantly inhibits the export scale.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
21 June 2024
ISBN
10.2991/978-94-6463-441-9_66
ISSN
2352-5428
DOI
10.2991/978-94-6463-441-9_66How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - YuXuan Li
PY  - 2024
DA  - 2024/06/21
TI  - The Effect of RMB Exchange Rate Appreciation and Aepreciation on Export
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 781
EP  - 789
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_66
DO  - 10.2991/978-94-6463-441-9_66
ID  - Li2024
ER  -