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The differential game theory of RMB exchange rate under Marshall-Lerner Conditions and Constraints

EUREKA: Social and Humanities

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Title The differential game theory of RMB exchange rate under Marshall-Lerner Conditions and Constraints
 
Creator Chen, Ting
He, Shouchao
 
Description The Marshall-Lerner condition is a theory to study how the exchange rate changes influence the payment balance in international trade. However, in the international trade business, using the Marshall - Lerner condition for decision-making model always leads to conclusions that is contrary to expectations and it lacks of satisfactory technical demonstration effect. Therefore, this deficit tends to make the Marshall - Lerner Condition trapped in the scientific confusion. In this paper, differential game theory is applied to the Marshall - Lerner condition. The Marshall - Lerner condition correction model is derived, then the old Marshall - Lerner conditions are expanded. The new model meets the scope of control of the international trade balance and provides a new technical analysis tools.  This preliminary research created precedent study of the Marshall-Lerner condition dynamics.
 
Publisher The International Institute for Science, Technology and Education (IISTE)
 
Contributor The research is financed by China Wenzhou Municipal Sci-tech Bureau, Project No.R20100117
 
Date 2011-07-28
 
Type info:eu-repo/semantics/article
Peer-reviewed Article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://iiste.org/Journals/index.php/EJBM/article/view/171
 
Source European Journal of Business and Management; Vol 3, No 2 (2011); 65-72
 
Language eng
 
Relation http://iiste.org/Journals/index.php/EJBM/article/view/171/55
 
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