文章基本信息

标题：Analysis of the Long-Term Trend of the Exchange Rate of RMB Based on ICP’s Datum in 2011 Year
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作者：Hua Niu Niu 1 , Yanxin Ma 2 , Xiaoyuan Chu
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2015
卷号：05
期号：03
页码：396-402
DOI：10.4236/tel.2015.53045
语种：English
出版社：Scientific Research Publishing
摘要：This paper analyzes and compares the purchasing power parity (PPP) and exchange rate worldwide based on the datum of International Comparison Program (ICP) in the year 2005 and 2011. The results indicate that developing countries have been experiencing more substantial currency devaluation, while currency appreciation occurs mainly in high-income countries. After analyzing the relative price levels for 2011 and per capita income, we find that the relative price level is above 1.5 in most countries worldwide, while the relative price level is between 0.5 and 1 in a few high-income countries. When the per capita income is around $3000, the peering relationships of purchasing power parity and exchange rates are the most obvious.
关键词：Purchasing Power Parity; International Comparison Program; Currency Appreciation; Exchange Rate