The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union

Although the global trade is dominated by USD, its role as a vehicle currency has been inadequately researched in the literature about the exchange rate-trade balance nexus. This dissertation is the first study to examine the role of the USD as a vehicle currency in affecting the trade balances of C...

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Tác giả chính: Ho Hoang Gia Bao
Đồng tác giả: Assoc. Prof. Dr. Tran Thi Hai Ly
Định dạng: Dissertations
Ngôn ngữ:English
Thông tin xuất bản: University of Economics Ho Chi Minh City 2023
Chủ đề:
EU
Truy cập trực tuyến:https://opac.ueh.edu.vn/record=b1035072~S1
https://digital.lib.ueh.edu.vn/handle/UEH/68878
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spelling oai:localhost:UEH-688782023-06-14T03:03:34Z The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union Ho Hoang Gia Bao Assoc. Prof. Dr. Tran Thi Hai Ly Dr. Dinh Thi Thu Hong ASEAN China EU Exchange rate Vehicle currency Trade balance Although the global trade is dominated by USD, its role as a vehicle currency has been inadequately researched in the literature about the exchange rate-trade balance nexus. This dissertation is the first study to examine the role of the USD as a vehicle currency in affecting the trade balances of China and the Association of South East Asian Nations (ASEAN) with the European Union (EU). This dissertation scrutinizes the effects of the use and the nonuse of the vehicle currency USD on China’s and ASEAN’s trade balances with the EU at different levels of analyses. The results estimated by the Nonlinear Autoregressive Distributed Lags (NARDL) method indicate that the use and the nonuse of the vehicle currency USD have distinguishable impacts on the trade balances at different levels of analyses. Thus, the effectiveness of the weak-currency policy in supporting trade balance is subject to the invoicing currencies. In addition, role of the USD as a vehicle currency should not be overlooked when analyzing the exchange rate-trade balance causality in the trade between two non-US partners. 2023-06-13T07:53:41Z 2023-06-13T07:53:41Z 2023 Dissertations Barcode: 1000015634 https://opac.ueh.edu.vn/record=b1035072~S1 https://digital.lib.ueh.edu.vn/handle/UEH/68878 English reserved 160 p. University of Economics Ho Chi Minh City
institution Đại học Kinh tế Thành phố Hồ Chí Minh
collection DSpaceUEH
language English
topic ASEAN
China
EU
Exchange rate
Vehicle currency
Trade balance
spellingShingle ASEAN
China
EU
Exchange rate
Vehicle currency
Trade balance
Ho Hoang Gia Bao
The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union
description Although the global trade is dominated by USD, its role as a vehicle currency has been inadequately researched in the literature about the exchange rate-trade balance nexus. This dissertation is the first study to examine the role of the USD as a vehicle currency in affecting the trade balances of China and the Association of South East Asian Nations (ASEAN) with the European Union (EU). This dissertation scrutinizes the effects of the use and the nonuse of the vehicle currency USD on China’s and ASEAN’s trade balances with the EU at different levels of analyses. The results estimated by the Nonlinear Autoregressive Distributed Lags (NARDL) method indicate that the use and the nonuse of the vehicle currency USD have distinguishable impacts on the trade balances at different levels of analyses. Thus, the effectiveness of the weak-currency policy in supporting trade balance is subject to the invoicing currencies. In addition, role of the USD as a vehicle currency should not be overlooked when analyzing the exchange rate-trade balance causality in the trade between two non-US partners.
author2 Assoc. Prof. Dr. Tran Thi Hai Ly
author_facet Assoc. Prof. Dr. Tran Thi Hai Ly
Ho Hoang Gia Bao
format Dissertations
author Ho Hoang Gia Bao
author_sort Ho Hoang Gia Bao
title The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union
title_short The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union
title_full The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union
title_fullStr The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union
title_full_unstemmed The role of vehicle currency in affecting trade balance: empirical evidence from the trade of China and The Association Of South East Asian Nations with The European Union
title_sort role of vehicle currency in affecting trade balance: empirical evidence from the trade of china and the association of south east asian nations with the european union
publisher University of Economics Ho Chi Minh City
publishDate 2023
url https://opac.ueh.edu.vn/record=b1035072~S1
https://digital.lib.ueh.edu.vn/handle/UEH/68878
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