{"title":"on Correlation between RMB Exchange Rate and Real Estate Price based on Financial Engineering","authors":"LIU Yang , HU Zhiqiang","doi":"10.1016/j.sepro.2011.11.020","DOIUrl":null,"url":null,"abstract":"<div><p>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.</p></div>","PeriodicalId":101207,"journal":{"name":"Systems Engineering Procedia","volume":"3 ","pages":"Pages 146-152"},"PeriodicalIF":0.0000,"publicationDate":"2012-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.sepro.2011.11.020","citationCount":"13","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Systems Engineering Procedia","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2211381911001731","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 13
Abstract
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.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
