id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-13189	Diao, Yiwen	Empirical Analysis of Factors Influencing RMB Exchange Rate Volatility in the Context of RMB Internationalization	2023	5	.pdf	application/pdf	3165	129	45	Based on the above reality and background, this paper will take the US dollar to RMB exchange rate from 2002 to 2022 as the base point, select six quantifiable economic variables, establish a multiple linear regression model, and according to previous studies, the key influencing factors of RMB exchange rate fluctuations under the background of RMB internationalization are further investigated, and policy suggestions for maintaining RMB exchange rate stability are put forward. Basic model To synthesize the above analysis, the study uses the US dollar to RMB exchange rate as the explanatory variable, the US-China interest rate differential (UCS), the US-China relative inflation rate (UCCPI), the GDP growth rate (GDPR), foreign direct investment (FDI), foreign exchange reserves (FER) and balance of payments (BOP) as the main explanatory variables, and introduces the conditional variable (RMBI) to represent RMBI is introduced to represent the degree of RMB internationalization, and the random error term u is introduced as a random disturbance term to represent other random factors that are not included in the explanatory variables, and the following multiple linear regression model is constructed: UCER=a+b1UCS+b2UCCPI+b3GDPR+b4lnFDI+b5ln FER+b6lnBOP+u	cache/fbem-13189.pdf	txt/fbem-13189.txt