经济管理学院学术前沿讲座
报告题目 | Are there bubbles in Chinese RMB-dollar exchange rate? Evidence from generalized sup ADF tests | ||
报告人（单位） | 苏志伟博士（中国海洋大学经济学院金融系教授） | ||
点评人（单位） | 刘晓星教授 （东南大学） | 点评人（单位） | 张颖博士 （东南大学） |
时间地点 | 2016年5月16日（周一下午2：00） 东南大学九龙湖校区经济管理学院B-201会议室 | ||
报告内容摘要 | |||
The generalized sup ADF (GSADF) unit root tests, which are recently developed, could be well used to analyze the nominal RMB-dollar exchange rates bubbles. This lecture will introduce how to explore whether there are bubbles in Chinese RMB-dollar exchange rate by using the GSADF tests and share the findings through their research. There are strong evidence of explosive behavior in the nominal exchange rate and investigate two bubbles. The first bubble is during 2005–2006 which is determined neither by the relative prices of traded goods nor the relative price of nontraded goods. The second bubble busts in 2008 during subprime crisis period, and which is determined by the relative prices of traded goods but not the relative price of nontraded goods. There is no bubble before 2005 as the exchange rate is under fixed regime.
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报告人简介 | |||
苏志伟，博士，中国海洋大学经济学院金融系教授，繁荣哲学社会科学人才工程特聘教授，博士生导师，教育部新世纪人才。台湾逢甲大学商学研究所博士，厦门大学金融系博士后。苏志伟博士担任Journal of Economic and Financial Modelling 副主编，Journal on Business Economics, Commerce & Trade Management 编委，中国普惠金融中心副主任。苏志伟博士的主要研究方向是应用时间序列、国际金融与区域经济发展，先后主持国家社科基金、教育部新世纪人才基金、深圳证券交易所基金等项目，在Urban Studies, Economic Modelling, International Review Economic and Finance, Journal of International Trade & Economic Development, Emerging Markets Review, Economics of Transition等国际著名期刊发表上发表学术科研论文100篇，其中包括SSCI论文80篇、SCI论文3篇；出版英文学术著作2部、中文学术著作1部。
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