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has been cited by the following article:

• TITLE: RMB Internationalization, FTA and Exchange Rate Pass-Through

  AUTHORS: Fengze Han

  KEYWORDS: RMB Internationalization, FTA, Exchange Rate Pass-Through, Import Price

  JOURNAL NAME: Open Journal of Business and Management, Vol.11 No.1, January 12, 2023

  ABSTRACT: Based on the monthly import data classified by HS code from 2008 to 2018, this paper analyzed China’s exchange rate pass-through (ERPT) and the effects of RMB internationalization on it by constructing theoretical model and econometric model. The research shows that the increase of RMB internationalization reduces China’s ERPT and stabilizes import price and reduces the risk of exchange rate fluctuations that our enterprises are exposed to significantly. In the extended analysis, it is found that the signing of Free Trade Agreements further strengthens the impact of RMB internationalization on exchange rate pass-through, means two strategies of RMB internationalization and FTA can promote each other.