Proceedings of the Fourth International Conference on Economic and Business Management (FEBM 2019)

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The Impact of the Fluctuations of RMB Exchange Rate on Shaanxi Export Trade under the Background of “the Belt and Road Initiative”

Authors
Zhenyan Xiao, Yujian Yang, Liangfu Li, Wen Shi
Corresponding Author
Zhenyan Xiao
Available Online December 2019.
DOI
10.2991/febm-19.2019.6How to use a DOI?
Keywords
RMB exchange rate; export trade volume; VAR model; Belt and Road Initiative
Abstract

In contemporary export trade, the fluctuations of RMB exchange rate has a great impact on the total volume of the export trade. The formal implementation of the "the Belt and Road" strategy put forward by President Xi brought new challenges to Shaanxi export trade. Under the new economic environment, it is necessary to study the new relationship between the exchange rate fluctuation and the export trade of Shaanxi. This paper presents a detailed study on how the total volume of export trade of Shaanxi is affected by the exchange rate through a new VAR model. Besides GDP, CPI, the policy variable of "the Belt and Road Initiative" is added to the new model to explore the different effects of variables on the total volume of the export trade of Shaanxi. Meanwhile, the introduction of the new policy variable optimizes the existing trade model of the exchange rate at a certain angle. After analyzing the empirical results, a new impact relationship of the exchange rate and the export trade of Shaanxi has been obtained, and the corresponding suggestions for optimizing the export trade structure of Shaanxi are proposed.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Fourth International Conference on Economic and Business Management (FEBM 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
December 2019
ISBN
10.2991/febm-19.2019.6
ISSN
2352-5428
DOI
10.2991/febm-19.2019.6How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Zhenyan Xiao
AU  - Yujian Yang
AU  - Liangfu Li
AU  - Wen Shi
PY  - 2019/12
DA  - 2019/12
TI  - The Impact of the Fluctuations of RMB Exchange Rate on Shaanxi Export Trade under the Background of “the Belt and Road Initiative”
BT  - Proceedings of the Fourth International Conference on Economic and Business Management (FEBM 2019)
PB  - Atlantis Press
SP  - 331
EP  - 336
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-19.2019.6
DO  - 10.2991/febm-19.2019.6
ID  - Xiao2019/12
ER  -