درباره ارتباط نرخ ارز RMB و قیمت املاک و مستغلات بر اساس مهندسی مالی
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|51234||2012||7 صفحه PDF||سفارش دهید||3110 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Systems Engineering Procedia, Volume 3, 2012, Pages 146–152
In the post-crisis age, the continued appreciation of RMB and raise of housing price, and the positive correlation between them caused great attention from the public. This paper examines the relationship between RMB real effective exchange rate and real estate price by VAR test by using the monthly data from Jan, 2007 to Dec, 2010. The empirical result shows in the short run, raise of housing price will cause the depression of RMB exchange rate, however, in the long run, real estate has a positive impact on RMB exchange rate, therefore based on current financial engineering background, it is important for China to control the real estate price in order to maintain gradually and slightly appreciation of RMB.