【摘要】 在目前人民币持续升值的背景下,本文研究外汇储备和汇率间的关系,利用协整理论进行实证分析得出二者之间存在长期均衡关系,实证结果显示:二者之间是负相关关系,即人民币汇率的下降将引起外汇储备的增加。更多还原

【Abstract】 In the background of RMB’s sustained appreciation at present,we make use of theory of Cointegration analysis to study the relationship between Foreign exchange reserve and exchange rate.The study concludes that there is negative correlation such that the decrease of the exchange rate of RMB’s decrease will lead to an increase of reserve of Foreign exchange.更多还原