Title :
Analysis of the relationship of Chinese price index and foreign exchange reserve
Author_Institution :
Econ. Inst. of Shanghai Univ., Shanghai Univ., Shanghai, China
Abstract :
This paper used the data of CPI and foreign exchange reserves from January 2003 to July 2010 to, makes cointegration test. The author discusses excess liquidity and its representation in the condition of excessive foreign exchange reserve, and according to the principle mechanism of the supply and demand model of economics, makes a theoretical analysis of the causes of excess liquidity and inflation in the condition of excessive foreign ex change reserve.
Keywords :
foreign exchange trading; inflation (monetary); supply and demand; Chinese price index; cointegration test; foreign exchange reserve; inflation; supply and demand model; empirical analyses; foreign exchange reserve; price index;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010235
