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

DOI

10.2991/emle-15.2015.28How to use a DOI?

Keywords

exchange rate; stock index; VEC

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Bo Wang
PY  - 2015/11
DA  - 2015/11
TI  - A Study on the Correlation between RMB Exchange Rate and Stock Fluctuation in China
BT  - Proceedings of the 2015 International Conference on Economics, Management, Law and Education
PB  - Atlantis Press
SP  - 120
EP  - 124
SN  - 2352-5398
UR  - https://doi.org/10.2991/emle-15.2015.28
DO  - 10.2991/emle-15.2015.28
ID  - Wang2015/11
ER  -