摘要
随着全球经济一体化进程加速,国际油价波幅加大,国际油价冲击对汇率的传导作用问题为国际社会所关注。通过实证研究证明国际油价冲击对人民币兑美元实际双边汇率存在传导效应,当国际油价上涨时,人民币实际汇率先贬值再升值。在国际油价波动日益剧烈的今天,人民币名义汇率保持稳定将有利于中国经济的发展。
With the accelerating process of global economic integration,international oil price fluctuated severely.The problem of conduction role of international oil price shocks on the exchange rate has been concerned by the international community.By empirical analyses,the paper testified that the transmission effect of the international oil price shocks on RMB dollar real effective exchange rate exists,and international oil price shocks would cause the exchange rate appreciate in advance,and then depreciate.The steady nominal exchange rate is of benefit to Chinese economy under the environment of increasingly violent fluctuations in international oil prices.
出处
《商业研究》
CSSCI
北大核心
2010年第8期176-179,共4页
Commercial Research
关键词
国际油价
人民币汇率
传导效应
international oil price
RMB exchange rate
transmission effect
