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The Rmb Exchange Rate And Stock Market Prices Associated Research In Our Country

Posted on:2013-01-30Degree:MasterType:Thesis
Country:ChinaCandidate:Y L HuFull Text:PDF
GTID:2249330395952991Subject:Finance
Abstract/Summary:PDF Full Text Request
With the further development of integartion and electron in global financial market,people’s investment consciousness is being strengthened ceaselessly, they have been aware of the foreign exchange market and the stock market are two importment and impartible part in a financial market. Throughout the world of practical experience, the prices and volatility of foreign exchange market and stock market show the overflow phenomenon,which appear in both the developed financial market and the emerging financial markets. Several reforms has been performed in The stock market and foreign exchange market.Not only the degree of our financial marketization improved, but also the relation of currencies and stock market is strengthened.The association and interaction of financial markets isan important root of financial risk and financial crisis.If you ignore this relationship,on the micro level of the investors,it will be unable to accurately estimate the risk and cause unnecessary losses. On macro level of finance and economic system, it will cause the accumulation of financial risk, even financial crisis, then economy and society will suffer unnecessary losses.The value of RMB continued to rise steadily,meanwhile,the stock market from all the way up to fall sharply, such a huge change.In the financial crisis and the macro-control background,what are the relations between exchange rate and stock prices?what does these relations mean? Answers to these questions is significant to build a correct understanding of China’s foreign exchange market and stock market, evaluate of the effectiveness of macroeconomic regulation and control, guard against financial risks.
Keywords/Search Tags:the exchange rate of RMB, stock market price, VAR, Granger Causality test
PDF Full Text Request
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