Path-dependence of Economic Development Pattern and Japan's Decade-long Recession——An Explanation Based on Positive Feedback Effects of Real Exchange Rate of Yen

The trade flow from Japan to China is determined by the special relation between exchange rate of yen and the export from Japan.

The relation between the real exchange rate and capital flows in a small open economy;

Nonlinearity Forecasting of Real Exchange Rate in China Based on STAR;

Research on factors influencing Renminbi real exchange rates;

Through an examination of the exchange rate movement in recent ten years and a comparison between nominal effective exchange rate and actual exchange rate, they are shown that the RMB currency is stronger than other major currencies in their trends of exchange rate and its value is not underestimated.

This thesis focuses on the traits of the divergent moves of nominal exchange rate and actual exchange rate of RBM since the 1990s and dissects the causes of decent growth of the nation s exports and actual trade payment when the nominal exchange rate of RMB remain.

This article chooses three kind of types (export commodities structure, trade way structure, visible trade and invisible trade structure), in the foreign trade structure, inspects between 1980-2005 year period RMB actual exchange rate and the foreign trade structure bidirectional relations.

This paper examines the data from 1980 -2004, and finds that the real effective exchange rates of dollar can hardly explain the post - 1990 changes in the U.