A Study of the Factors Influencing the Fall of the RMB Exchange Rate Below Seven in the Context of the Fed's Interest Rate Hike
Abstract
This paper selects the monthly data from June 2021 to June 2022 according to the Analysis of Influencing Factors of China's RMB Exchange Rate Based on VAR Model, and selects four factors of foreign exchange reserves, interest rate difference, inflation rate difference and foreign direct investment as the influencing factors of China's RMB exchange rate.[1] The multiple linear regression model and VAR model were constructed to compare the degree and effect of each influencing factor on China's RMB exchange rate.
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DOI: http://dx.doi.org/10.18686/fm.v8i1.7874
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