Browsing by Subject "Exchange rates"
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ItemExchange Rate and Price: A Granger Causality Test of Consumer Price Index in China( 2012) Bing, ZhuThe purpose of this study is to examine a causal relationship between changes in exchange rate and changes in price level measured by CPI (consumer price index) in China by applying Granger Causality test, in which three major trading partners of China are chosen: the United States representing North America, European Union representing Europe, and Japan representing Asia. The secondary data, collected from National Bureau of Statistics of China, are for the period of January 2005 to April 2011 that spans the present managed floating exchange-rate period. The results of this study show that there is the causal relationship from changes in exchange rate (US dollar and Japanese Yen to Chinese Yuan) to changes in consumer price index in China. However, there is no evidence showing the causal relationship from changes in consumer price index to changes in exchange rate.
ItemThe Long Run Relationship between the Value of Chinese Yuan and Stock Market Return in Five Countries of the Association of Southeast Asian Nations From 2005-2013The research analyzes the long run relationship between the value of Chinese Yuan and stock market return in five countries of the Association of Southeast Asian Nations (Indonesia, Malaysia, the Philippines, Singapore and Thailand) from 2005-2013 by using daily data. The conditional work measured by Granger causality model. The value of Chinese Yuan under five selected countries were used as dependent variables. While the stock market index and trading volume of stock market were used as independent variables. The results show the evidence that the stock market indexes granger cause the exchanges rate between China and selected countries which refers to a positive long-run relationship between the value of Chinese Yuan and stock market return in five countries of the Association of Southeast Asian Nations.
ItemNurturing SMEs for export export growth: a case of apparel and textile industry of Thailand