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TSUCHIYA YOICHI
Department Undergraduate School , School of Commerce Position Professor |
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| Language | English |
| Publication Date | 2015/10 |
| Type | Academic Journal |
| Peer Review | Peer reviewed |
| Title | Directional accuracy tests of Chinese renminbi forecasts |
| Contribution Type | Co-authored (first author) |
| Journal | Journal of Chinese Economic and Business Studies |
| Journal Type | Another Country |
| Publisher | Routledge |
| Volume, Issue, Page | 13(4),pp.397-406 |
| Author and coauthor | Yoichi Tsuchiya, Satoshi Suehara |
| Details | This study investigates the directional accuracy of Chinese renminbi exchange rate forecasts by professional forecasters. The forecast with a horizon of one year is useful, whereas the forecasts with forecast horizons of one and three months are not useful in predicting the direction of the exchange rate change. The results for the long-term forecasts suggest that forecasters believe that the government maintains its foreign exchange rate policy of renminbi appreciation. In contrast, short-term forecasts show consistent evidence of exchange rate unpredictability. |
| DOI | 10.1080/14765284.2015.1106755 |
| ISSN | 1476-5292 |