This paper intended to employ a portfolio approach to assess the effect of exchange rate expectation on Chinese RMB internationalization and empirically test the interactive effects among short-term capital flows, RMB appreciation expectation and the internationalization process using a VAR...

This paper intended to employ a portfolio approach to assess the effect of exchange rate expectation on Chinese RMB internationalization and empirically test the interactive effects among short-term capital flows, RMB appreciation expectation and the internationalization process using a VAR...

In this study, Wald tests are carried out based on the method of Panel Granger and GMM to determine whether the causal relationship between economic growth and current budget deficit, short-term capital flows in 20 OECD countries for the period 1990-2010. Also SURADF and CADF testing was...