Research on the Impact of RMB Internationalization on China’s Trade Competitiveness

An Empirical Analysis Based on the VAR Model

DOI

10.2991/assehr.k.211209.279How to use a DOI?

Keywords

RMB internationalization; trade competitiveness; VAR model

Abstract

With the continuous development of China’s foreign trade level and the improvement of the RMB’s international status, the use of RMB in international transactions and settlements has become more frequent, and the level of RMB internationalization has achieved a historic breakthrough. The Chinese government has taken many relevant measures to promote the development of the internationalization of the RMB, but at present, the degree of internationalization of the RMB cannot effectively meet the needs of China’s international trade and rational capital flow. Based on the perspective of time series, this paper uses the VAR model to conduct empirical analysis on the relationship between RMB internationalization and trade competitiveness, draws relevant conclusions and proposes targeted recommendations, tries to add new impetus to China’s trade competitiveness.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Fangxu Dong
PY  - 2021
DA  - 2021/12/15
TI  - Research on the Impact of RMB Internationalization on China’s Trade Competitiveness
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1731
EP  - 1738
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.279
DO  - 10.2991/assehr.k.211209.279
ID  - Dong2021
ER  -