Template-Type: ReDIF-Article 1.0 
Author-Name: Xing Fang 
Author-Name: Yu Zhang
Author-Email:  fangxing@cueb.edu.cn
Author-Workplace-Name:  School of Finance, Capital University of Economics and Business, China
Title: An Analysis of the Dynamic Asymmetric Impact of the COVID-19 Pandemic on the RMB Exchange Rate
Abstract:  In this paper, we assume that the COVID-19 pandemic exerts a time-varying asymmetric impact on the RMB exchange rate. Based on the Taylor rule model, we examine the RMB exchange rate fluctuations around the outbreak of COVID-19. We find that the RMB rate rose steadily before the outbreak but fluctuated during the pandemic. This shows that the pandemic had a transient time-varying impact on the RMB exchange rate.
Classification-JEL:  F31,I1
Keywords:  vecm, rmb exchange rate, covid-19
Journal:  Asian Economics Letters
Pages: 1-4
Volume: 1
Issue: 4
Year:  2021
DOI:  2021/08/10
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/18644-an-analysis-of-the-dynamic-asymmetric-impact-of-the-covid-19-pandemic-on-the-rmb-exchange-rate.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:24