Abstract
Xie, B., 2019. Asymmetry of exchange rate pass-through in China's coastal regions. In: Li, L.; Wan, X.; and Huang, X. (eds.), Recent Developments in Practices and Research on Coastal Regions: Transportation, Environment and Economy. Journal of Coastal Research, Special Issue No. 98, pp. 433–437. Coconut Creek (Florida), ISSN 0749-0208.In the article, the asymmetry of the renminbi (RMB) exchange rate pass-through on the price level in China's coastal areas was investigated. The results showed that the extent of RMB exchange rate pass-through is incomplete. Concerning the asymmetry of the exchange rate pass-through under conditions of RMB appreciation and depreciation alone or the combination with different fluctuation scopes in exchange rate, it was concluded that, when RMB depreciated, the exchange rate pass-through effect was greater by comparison with RMB appreciation. At the same time, the extent of the exchange rate pass-through was more significant as the exchange rate changed sharply; otherwise, no transfer effect was generated.
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