The Influence Factors of Geographical Distribution of RMB in OTC Foreign Exchange
Pages 209 - 216
Abstract
At present, the spatial distribution of RMB offshore trading is unbalanced. This paper mainly focuses on the status and characteristics of the spatial distribution of RMB offshore transactions, combined with the gravity model. This paper analyzes the factors affecting the spatial distribution of RMB offshore transactions. The empirical results show that, firstly, the spatial distribution of RMB offshore transactions is affected by objective factors such as bilateral trade volume, exchange rate fluctuation and GDP of international currency issuing country. Secondly, colonial history, language, geographical distance and other cultural factors also affect the overseas trading volume of RMB.
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April 2022
439 pages
ISBN:9781450396523
DOI:10.1145/3537693
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Association for Computing Machinery
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Published: 09 July 2022
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- the National Social Science Fund of China under the Grant
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ICEEG 2022
ICEEG 2022: 2022 6th International Conference on E-Commerce, E-Business and E-Government
April 27 - 29, 2022
Plymouth, United Kingdom
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