تحليل ظاهرة حرب العملات باختبار العلاقة السببية بين تغيرات معدلات الفائدة وسعر الصرف اليوان دولار باستخدام منهجية Toda-Yamamoto

Abstract EN

Through this study, we have tried to analyzing the phenomenon of currency war between the united states of America and china by testing the causal relationship between in both the federal interest rates, interest rates of the central bank of china and the Yuan-dollar exchange rate during the period 2010-2021 using the Toda-Yamamoto methodology, where the results showed the existence of a one-way causal relationship of the studied interest rates individually and together to the Yuan-dollar exchange rate, and the existence of a one-way causal relationship from interest rates in china to interest rates in the united states of America.