Paper Title :Information Transmission in the Onshore and Offshore RMB Markets
Author :Yu-Lun Chen
Article Citation :Yu-Lun Chen ,
(2018 ) " Information Transmission in the Onshore and Offshore RMB Markets " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 32-36,
Volume-4,Issue-9
Abstract : The study investigates the impact of the improved central parity quotation on price discovery between onshore
(USD/CNY) and offshore (USD/CNH) markets. We find that USD/CNH market provides greater contribution to RMB price
discovery and the relatively rising contribution of USD/CNH is attributed to improved quotation policy. After implement the
policy, central parity could incorporate more USD/CNH market information and transmit the information to USD/CNY
market.
Keywords- Price discovery, USD/CNY, USD/CNH, quotation of the central parity JEL classification: F31; F38; G15
Type : Research paper
Published : Volume-4,Issue-9
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13790
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Copyright: © Institute of Research and Journals
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Published on 2018-12-17 |
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