Renminbi Exchange Rate Forecasting

Author : Yunjie Wei
Publisher : Routledge
ISBN 13 : 1000366677
Total Pages : 160 pages
Book Rating : 4.79/5 ( download)

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Download or read book Renminbi Exchange Rate Forecasting written by Yunjie Wei and published by Routledge. This book was released on 2021-05-10 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the internationalization of Renminbi (RMB), the gradual liberalization of China's capital account and the recent reform of the RMB pricing mechanism, the RMB exchange rate has been volatile. This book examines how we can forecast exchange rate reliably. It explains how we can do so through a new methodology for exchange rate forecasting. The book also analyzes the dynamic relationship between exchange rate and the exchange rate data decomposition and integration, the domestic economic situation, the international economic situation and the public’s expectations and how these interactions would affect the exchange rate. The book also explains why this comprehensive integrated approach is the best model for optimizing accuracy in exchange rate forecasting.

Author : Jiangze Du
Publisher : Routledge
ISBN 13 : 1351697196
Total Pages : 98 pages
Book Rating : 4.94/5 ( download)

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Download or read book Chinese Currency Exchange Rates Analysis written by Jiangze Du and published by Routledge. This book was released on 2017-09-05 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Yin-Wong Cheung
Publisher : World Scientific
ISBN 13 : 9814675512
Total Pages : 276 pages
Book Rating : 4.12/5 ( download)

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Download or read book The RMB Exchange Rate written by Yin-Wong Cheung and published by World Scientific. This book was released on 2016-11-22 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, China's robust economic performance has propelled it to the world stage. At the same time, the world has increasingly scrutinized China's economic policies and activities. One of the hotly contested issues is China's foreign exchange rate policy. China's current reform and modernization policies to convert its centrally planned economy towards a market-driven one could hardly draw on experiences of other countries. This book provides a succinct and up-to-date account of China's exchange rate policy including the currency undervaluation debate and the internationalization of its currency. It begins with a brief history of the modern China's foreign exchange rate policy. In particular, it highlights the three Chinese policy characteristics; namely, independence, controllability and practicability, and graduality. This prologue helps to interpret China's policy on its currency, the renminbi (RMB); including its recent initiatives to promote the international use of its currency. The book covers the basic theoretical and empirical issues that are relevant for determining the equilibrium value of the RMB exchange rate and, hence, its degree of misalignment. Then it evaluates the controversy surrounding the RMB valuation debate, and highlights the sensitivity of empirical estimates of the degree of misalignment to alternative presumptions. The book also examines the timely issues related to China's recent efforts in promoting the use of its currency in the global financial market. After describing the background of China's recent efforts to internationalize the RMB, the book a) discusses the main promotional policies, including the recent Qianhai project and Shanghai Free Trade Zone initiative, b) evaluates the current status of the offshore RMB market, the level of international use of the RMB and the admission to the SDR basket, and c) assesses the future prospects of the RMB to be a global currency.

Author : Michael Roy Rosenberg
Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.97/5 ( download)

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Download or read book Currency Forecasting written by Michael Roy Rosenberg and published by . This book was released on 1996 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text explains the methods and aspects of exchange rate forecasting, including purchasing power, parity, interest rate differentials and technical analysis. Guidelines for reducing risk with forecasting strategies are included, as are techniques for co

Author : Eswar S. Prasad
Publisher : Oxford University Press
ISBN 13 : 0190631066
Total Pages : 208 pages
Book Rating : 4.62/5 ( download)

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Download or read book Gaining Currency written by Eswar S. Prasad and published by Oxford University Press. This book was released on 2016-09-12 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Gaining Currency, leading China scholar Eswar S. Prasad describes how the renminbi (RMB) is taking the world by storm and explains its role in reshaping global finance. This book sets the recent rise of the RMB, China's currency since 1949, against a sweeping historical backdrop. China issued the world's first paper currency in the 7th century. In the 13th century, Kublai Khan issued the first-ever currency to circulate widely despite not being backed by commodities or precious metals. China also experienced some of the earliest episodes of hyperinflation currency wars. Gaining Currency reveals the interconnections linking China's growing economic might, its expanding international influence, and the rise of its currency. If China plays its cards right by adopting reforms that put its economy and financial markets on the right track, the RMB could rival even the euro and the Japanese yen. Prasad shows, however, that while China has successfully adopted a unique playbook for promoting the RMB, many pitfalls lie ahead for its economy and currency that could limit the RMB's ascendance. The Chinese leadership is pursuing financial liberalization and limited market-oriented reforms, but it has unequivocally repudiated political, legal, and institutional reforms. Therefore, Prasad argues, while the RMB is likely to become a significant reserve currency, it will not attain "safe haven" status as a currency to which investors turn during crises. In short, the hype predicting the RMB's inevitable rise to global dominance is overblown. Gaining Currency makes a compelling case that, for all its promise, the RMB does not pose a serious challenge to the U.S. dollar's dominance in international finance.

Author : Holger Haldenwang
Publisher : European Alliance for Innovation
ISBN 13 : 1631903934
Total Pages : 639 pages
Book Rating : 4.39/5 ( download)

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Download or read book FFIT 2022 written by Holger Haldenwang and published by European Alliance for Innovation. This book was released on 2023-04-14 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2022 International Conference on Financial Innovation, FinTech and Information Technology (FFIT 2022), hosted by Shenzhen University of Technology and organized by the Financial Innovation and Fintech Research Center of Shenzhen University of Technology, was held on October 28-30, 2022 in Shenzhen, China. Due to the current COVID-19 pandemic and the strict travelling rules, it is still difficult to take international travel for all our attendees to participate in the conference. Therefore, FFIT 2022 was held as a hybrid event. FFIT 2022 brought together innovative academics and industrial experts in the field of Financial Innovation, Financial Technology and Information Technology to discuss the latest research results in this field.

Author : Edwin L.-C. Lai
Publisher : Cambridge University Press
ISBN 13 : 1108491685
Total Pages : 347 pages
Book Rating : 4.86/5 ( download)

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Download or read book One Currency, Two Markets written by Edwin L.-C. Lai and published by Cambridge University Press. This book was released on 2021-07-08 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Author : Barry Eichengreen
Publisher : Brookings Institution Press
ISBN 13 : 0815726120
Total Pages : 401 pages
Book Rating : 4.28/5 ( download)

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Download or read book Renminbi Internationalization written by Barry Eichengreen and published by Brookings Institution Press. This book was released on 2015-02-11 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Asian Development Bank Institute publication Meet the next global currency: the Chinese renminbi, or the "redback." Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar. Renminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.

Author : Haibin Xie
Publisher : Routledge
ISBN 13 : 1000369331
Total Pages : 133 pages
Book Rating : 4.35/5 ( download)

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Download or read book Candlestick Forecasting for Investments written by Haibin Xie and published by Routledge. This book was released on 2021-03-11 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Candlestick charts are often used in speculative markets to describe and forecast asset price movements. This book is the first of its kind to investigate candlestick charts and their statistical properties. It provides an empirical evaluation of candlestick forecasting. The book proposes a novel technique to obtain the statistical properties of candlestick charts. The technique, which is known as the range decomposition technique, shows how security price is approximately logged into two ranges, i.e. technical range and Parkinson range. Through decomposition-based modeling techniques and empirical datasets, the book investigates the power of, and establishes the statistical foundation of, candlestick forecasting.

Author : Henry C. Steele
Publisher : Chinese University Press
ISBN 13 : 9789622018532
Total Pages : 520 pages
Book Rating : 4.3X/5 ( download)

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Download or read book China Business written by Henry C. Steele and published by Chinese University Press. This book was released on 2000 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: For foreign business to succeed in China, it needs to be better informed of the challenges that China is faced with today. China was a centrally planned economy with very little international ties only three decades ago. Thus, it has to catch up for the lost years when there was neither opportunity to gain management experience nor any meaningful legal and regulatory framework to speak of. China is making up for lost time with unequalled energy and determination. Contributors in this book address a wide range of business issues through their research and present a glimpse on the complexity of doing business in China today. The book consists of four sections: the business environment; management issues; sales and marketing; international business. Contributors are from both business circles and the academia, who have witnessed not only progress but also the pain that has accompanied the path to a market economy.