Description |
1 online resource (111 pages) |
Series |
Routledge Advances in Risk Management |
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Routledge advances in risk management.
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Contents |
Cover; Half Title; Title Page; Copyright Page; Table of Contents; List of Figures; List of Tables; Preface; Chapter 1: Chinese currency exchange market: An overview; 1.1: Introduction to Chinese currency exchange market; 1.2: The development of the Chinese yuan exchange rate policy; National economy recovery period (1949-1952); Command economy period (1953-1980); Economy transition period (1981-1993); Market mechanism period (1994- ); 1.3: Introduction to Chinese onshore and offshore exchange markets; Chapter 2: Interrelationship between RMB markets; 2.1: Introduction |
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2.2: Methodology (vector autoregression model)2.3: Empirical results; 2.4: Conclusion; Chapter 3: Chinese exchange market crisis: Warning and identification based on Markov regime switching model; 3.1: Introduction; 3.2: Methodology; 3.2.1: Markov switching model; 3.2.2: Empirical mode decomposition (EMD); 3.3: Model estimation; 3.4: Empirical analysis; 3.5: Conclusion; Chapter 4: Forecasting the renminbi exchange rate with an EMD-based neural network; 4.1: Introduction; 4.2: Methodology; 4.2.1: Artificial neural network (ANN); 4.2.2: Empirical mode decomposition (EMD) |
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4.2.3: Overall forecasting process and model notations4.3: Empirical experiments; 4.3.1: Data; 4.3.2: Experimental results; 4.3.3: Applying the trading strategy; 4.4: Conclusion; Notes; Chapter 5: Hedging currency risk; 5.1: Introduction; 5.2: Methodology; 5.2.1: Currency hedging; 5.2.2: Assets allocation; 5.2.3: Sharpe ratio; 5.2.4: Economic benefit; 5.3: Empirical studies; 5.3.1: Data and statistics descriptions; 5.3.2: Equal-weighted portfolios; 5.3.3: Optimal-weighted portfolios; 5.3.4: Further evidence; 5.4: Conclusion; Notes; References; Index |
Summary |
"This book provides an overview of Chinese RMB exchange markets and its risk management strategies. The view that RMB is playing an increasingly international role has been widely accepted by practitioners as well as scholars worldwide. Moreover, the Chinese government is opening the control of RMB exchange market step by step. However, some related topics are under heated debate, such as how to manage and warn of the currency crisis, what the trend of RMB exchange rate in the future is, and how to hedge the exchange risk in the process of RMB internationalization. In this book, we will give distinct answers to the above questions."--Provided by publisher |
Bibliography |
Includes bibliographical references and index |
Notes |
Print version record |
Subject |
Foreign exchange market -- China
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Foreign exchange rates -- China
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Foreign exchange market
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Foreign exchange rates
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China
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Form |
Electronic book
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Author |
Wang, Jying-Nan
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Lai, Kin Keung
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Wang, Chao
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ISBN |
9781351697194 |
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1351697196 |
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