중·미 간 경상수지 불균형과 위안화 환율의 관계 (China-Us Current Account Imbalance and the RMB Exchange Rate)

106 Pages Posted: 14 Dec 2018

See all articles by Kotbee Shin

Kotbee Shin

Korea Institute for International Economic Policy

Suyeob Na

Korea Institute for International Economic Policy

Min Suk Park

Korea Institute for International Economic Policy

Date Written: August 20, 2018

Abstract

Korean Abstract: 2000년대 들어 중국의 부상과 함께 미국과 중국의 무역불균형이 빠르게 확대되었다. 양국의 무역불균형이 지속되는 원인에 대한 다양한 논의가 있는 가운데, 트럼프 행정부 출범 이후 미국은 지속적으로 환율문제를 거론하며 중국을 압박해왔다. 중국은 시장여건을 반영할 수 있도록 환율제도를 개선해왔고 위안화 환율이 충분히 절상되었다고 주장하면서 환율문제를 둘러싼 공방이 지속되고 있다. 이에 본 연구는 중·미 경상수지 불균형의 현황과 그에 따른 통상분쟁 전개 상황을 살펴보고 경상수지 불균형과 실질환율 및 환율제도의 상관관계를 실증분석하였다.

English Abstract: This paper examines the current situation of the US-China current account imbalances and the development of trade disputes. This paper also empirically analyzes the short and long-term causal relationship between current account imbalances and real exchange rates and the relationship between the current account persistence and exchange rate regime.

Note: Downloadable document is in Korean.

Keywords: China, US, current account imbalance

Suggested Citation

Shin, Kotbee and Na, Suyeob and Park, Min Suk, 중·미 간 경상수지 불균형과 위안화 환율의 관계 (China-Us Current Account Imbalance and the RMB Exchange Rate) (August 20, 2018). KIEP Research Paper. Policy References 18-03, Available at SSRN: https://ssrn.com/abstract=3300461 or http://dx.doi.org/10.2139/ssrn.3300461

Kotbee Shin (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Suyeob Na

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Min Suk Park

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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