Impact of RMB internationalization on China’s competitiveness in financial services trade based on the VAR model: Evidence from China-US
Yufei Lei
Abstract:An increase in a currency internationalization levels can positively impact its credibility in international economic activities, and expand the effective demand and optimize the supply structure for the country’s financial service trade. In this way, a state can improve its financial service trade competitiveness in the international market. This study builds a vector autoregressive model based on time-series data of China-US financial services trade from 2010 to 2021, analyzes the impact of different quantit… Show more
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