Exchange Rate Intervention by Central Bank: Based on the Influence of the Hong Kong Offshore RMB Exchange Rate

被引：0

作者：

Yan, Jia-Jia ^{[1
]}

Su, Yi-Hong ^{[1
]}

Xin, Wen-Ting ^{[1
]}

Lin, Jin-Le ^{[2
]}

机构：

[1] Fuzhou Univ, Sch Econ & Management, Fuzhou, Fujian Province, Peoples R China

[2] Univ Lancaster, Fylde Coll, Lancaster, Lancs, England

来源：

2016 3RD INTERNATIONAL CONFERENCE ON ADVANCED EDUCATION AND MANAGEMENT (ICAEM 2016) | 2016年

关键词：

CNH; Currency Intervention Index; Central Bank Reaction Function; Exchange Rate Intervention;

D O I：

暂无

中图分类号：

G40 [教育学];

学科分类号：

040101 ; 120403 ;

摘要：

We calculate exchange intervention index to reflect the open market operation of central bank, introduce the Hong Kong's offshore RMB exchange rate (CNH) to establish Central bank reaction function and further analyze the influence that CNH has on the exchange intervention activities of China's Central Bank. We discover that the influence is not quite evident due to the insufficient development of financial market. Thus, we study the relationship between offshore Deutsche Mark rate and the exchange intervention of Deutsche Bundesbank on the basis that Mark has been completed the whole development of international currency offshore market.

引用

页码：656 / 661

页数：6

共 50 条

[1] Research on the Measurement of Hong Kong Offshore RMB Exchange Rate Risk
Lai Yanshan
Du Jia
[J]. PROCEEDINGS OF THE FOURTH INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT, BK ONE & TWO, 2017, : 919 - 924
[2] Central bank intervention and exchange rate volatility
Dominguez, KM
[J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 1998, 17 (01) : 161 - 190
[3] On the Exchange Rate Spread of RMB Offshore Market
Ying, Yi-rong
Yang, Ling
Yuan, Fang
[J]. 4TH INTERNATIONAL CONFERENCE ON MATERIALS ENGINEERING FOR ADVANCED TECHNOLOGIES (ICMEAT 2015), 2015, : 717 - 720
[4] Influence of Hong Kong Offshore RMB Market on China's Foreign Exchange Reserves
Yan, Jia-Jia
Chen, Cai-Ling
He, Le-Rong
[J]. 3RD INTERNATIONAL CONFERENCE ON EDUCATION AND SOCIAL DEVELOPMENT (ICESD 2017), 2017, 129 : 721 - 725
[5] RMB Exchange Market Pressure and Central Bank Exchange Market Intervention
Liu, Xiaohui
Zhang, Jing
[J]. CHINA & WORLD ECONOMY, 2009, 17 (03) : 75 - 92
[6] RMB Exchange Market Pressure and Central Bank Exchange Market Intervention
Xiaohui Liu Jing Zhang Lecturer
[J]. China & World Economy, 2009, 17 (03) : 75 - 92
[7] RMB Internationalization and the Effectiveness of Exchange Rate Intervention
Wang, Sheng
Zhou, Shangyao
[J]. ANNALS OF ECONOMICS AND FINANCE, 2022, 23 (02): : 373 - 404
[8] Study on the Mechanism of Exchange Rate Communication and Actual Intervention on the Exchange Rate Pricing of RMB
Guo, Hong
Li, Hua
[J]. PROCEEDINGS OF THE 2015 3RD INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT, ARTS, ECONOMICS AND SOCIAL SCIENCE, 2016, 49 : 73 - 79
[9] Actual intervention and verbal intervention in the Chinese RMB exchange rate
Hu, May
Li, Yunfeng
Yang, Jingjing
Chao, Chi-Chur
[J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2016, 43 : 499 - 508
[10] The intraday effects of central bank intervention on exchange rate spreads
Fatum, Rasmus
Pedersen, Jesper
Sorensen, Peter Norman
[J]. JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2013, 33 : 103 - 117

← 1 2 3 4 5 →