统计研究 ›› 1998, Vol. 15 ›› Issue (1): 25-27.

• 论文 • 上一篇    下一篇

中国外汇市场波动分析

王安兴等   

  • 出版日期:1998-01-15 发布日期:2012-02-14

Analysis an Fluctuation in the Foreign Exchange Market of China

WANG An-Xing-Deng   

  • Online:1998-01-15 Published:2012-02-14

Abstract: Based on ARCH modeling, this paper finds that the Foreign Exchange Market of China(FEMC) is different form that in New York. The FEMC is not a efficient market. Ren Min Bi is under valued in FEMC. The effect of a shock in FEMC will be last a long time.