@inproceedings{881c0a16d5964cc7bb9591bf605730ad,
title = "An empirical study on foreign exchange assets and monetary base endogeneity of China based on the monetary base supply structure",
abstract = "Based on the monetary base supply structure, the relationship between monetary base and its components from December 1999 to August 2010 of China are explored by cointegration analysis, Granger causality, VAR models and other methods. The results show that issuing notes and withdrawing re-lending financial institutions have been important means of hedging the increasing net foreign assets, net foreign assets is the main Granger cause of the changes in monetary base and China's current money supply is endogenous obvious. Therefore, the government should widen the RMB exchange rate floating space and promote RMB internationalization process, try to solve the problem of increasing foreign exchange assets fundamentally.",
keywords = "China, foreign exchange, monetary policy",
author = "Yang, {Shui Qing} and Peng Zhang and Dong Wang",
year = "2011",
doi = "10.1007/978-3-642-23023-3_27",
language = "English",
isbn = "9783642230226",
publisher = "Springer",
pages = "177--183",
booktitle = "Applied Economics, Business and Development: International Symposium, ISAEBD 2011, Dalian, China, August 6-7, 2011, Proceedings, Part I",
note = "International Symposium on Applied Economics_Business and Development ; Conference date: 06-08-2011",
}