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Since the reform of RMB exchange rate regime in 2005, RMB exchange rate is much more flexible and volatile. The status and influence of RMB are greater with the sustained growth of Chinese economy. This paper investigates the international linkage between RMB exchange rate and other currency exchange rates, especially Asian currencies using the multivariate(More)
Researchers have proposed a lot of detecting and testing methods about change points. While in the real case, it shows that the structure change of a time series was changed gradually, that is the change points has illustrated senses of fuzziness. This concept is important in fitting different models to different regimes of the data regarding economic(More)
On the international expanding model choice, little attention had been paid to the MNEs from developing countries. Drawing on a sample of 279 overseas subsidiaries invested by Chinese MNEs, the paper examines the factors of influencing the choice between wholly owned subsidiary and joint venture. The binomial logistic regression results show that the host(More)
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