论文部分内容阅读
This is a research report of the study on the inverse J-curve effect of RMB appreciation based on the empirical analysis of trading data between China and America during 1994-2012.This report uses the Marshall-Lerner conditions on J-curve effect explanation,and theoretically analyzes the inverse J-curve effect.Through empirical analysis,that reveals the empirical results exist the‘inverse J-curve effect’in the process of Chinese Yuan appreciation.
This is a research report of the study on the inverse J-curve effect of RMB appreciation based on the empirical analysis of trading data between China and America during 1994-2012. This report uses the Marshall-Lerner conditions on J-curve effect explanation, and theoretically analyzes analyzes the inverse J-curve effect. Through empirical analysis, that reveals the empirical results exist the’inverse J-curve effect’in the process of Chinese Yuan appreciation.