A Study on the Correlation between RMB Exchange Rate and Stock Fluctuation in China

【Author】

Bo Wang;

【Abstract】

Since this year,there was drastic fluctuation in China's stock during 10 months,of which the closing price of SSE Composite Index rose from more than 3000 points in January to more than 5000 points in June,and then quickly fell to around 3500 points in a month,and kept fluctuation later.In August when the stock fell sharply,RMB exchange rate against U.S.dollar rose suddenly after maintaining around 6.1 for a long time so that RMB was devaluated rapidly.The correlation between stock and RMB exchange rate has been studied in this paper.

【Keywords】

exchange rate;;stock index;;VEC

References

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Springer Journals Database

Total: 14 articles

  • [1] ZHU Xinrong ZHU Zhenyuan, On the Correlation between RMB Exchange Volatility and Stock Price Returns, Journal of Financial Research,
  • [2] Clive W.J Granger;;Bwo-Nung Huangb;;Chin-Wei Yang, A bivariate causality between stock prices and exchange rates: evidence from recent Asianflu☆, Quarterly Review of Economics and Finance,
  • [3] Jae-Kwang Hwang, The relationship between stock prices and exchange rates: Evidence from Canada, International Advances in Economic Research,
  • [4] Dombusch Rudiger, Stanley Fischer, Exchange Rates and the Current Account, American Economic Review, The American Economist (The American Economist)

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