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    The RMB USD Exchange Rate and Its Association with Bilateral Trade

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    Creator
    Lu, Mi
    Advisor
    Wise, Andrew
    Abstract
    The Renminbi (RMB) and U.S. dollar (USD) exchange rate and its association with China-U.S. bilateral trade has been a hot issue of debate on both sides of the Pacific for many years. This paper tests the hypothesis that variance of the RMB/USD exchange rate has an association with the bilateral trade deficit. Previous studies' conclusions fall into two opposite camps, with some scholars arguing that the exchange rate has nothing to do with the trade deficit, while other scholars insist it does, at least in the long term. The regression model in my thesis finds that the federal funds rate plays a key role in determining the trade deficit. Based on the findings, I offer different policy recommendations to the U.S. Congress, the Federal Reserve, and Peoples' Bank of China at the end of the paper.
    Description
    M.P.P.
    Permanent Link
    http://hdl.handle.net/10822/760976
    Date Published
    2015
    Subject
    Exchange Rate; Renminbi; Trade Deficit; U.S. Dollar; Public policy; Economics; Public policy; Economics;
    Type
    thesis
    Publisher
    Georgetown University
    Extent
    42 leaves
    Collections
    • Graduate Theses and Dissertations - Public Policy
    Metadata
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    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility