Renminbi Exchange Rate Forecasting Routledge Advances in Risk Management Series
Auteurs : Wei Yunjie, Wang Shouyang, Lai Kin Keung
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.
Chapter 1 Introduction. Chapter 2 Literature Review. Chapter 3 The dynamic relationships of RMB and other factors. Chapter 4 A forecasting approach based on the characteristic of China’s exchange rate. Chapter 5 A forecasting approach based on the domestic economic situation. Chapter 6 A forecasting approach based on the international economic situation. Chapter 7 A forecasting approach based on the public’s expectations. Chapter 8 A comprehensive integrated forecasting approach based on LSTM. Chapter 9 Conclusions and future research.
Yunjie Wei received her PhD degree in Management Science and Engineering at University of Chinese Academy of Sciences, China in 2017 and also received a PhD degree in Management Science at City University of Hong Kong in 2018. She is currently Assistant Professor at Academy of Mathematics and Systems Science, Chinese Academy of Sciences, China. Her research interests include economic modeling, analysis and forecasting.
Shouyang Wang is currently Bairen Distinguished Professor of Management Science at the Academy of Mathematics and Systems Science, Chinese Academy of Sciences, China and a Changjiang Chair Professor of Management Science and Engineering at the University of Chinese Academy of Sciences.
Kin Keung Lai is currently Distinguished Professor at the College of Economics, Shenzhen University, China and also Honorary Professor at the Department of Industrial and Manufacturing Systems Engineering, Hong Kong University, Hong Kong.
Date de parution : 01-2023
15.6x23.4 cm
Date de parution : 05-2021
15.6x23.4 cm
Thèmes de Renminbi Exchange Rate Forecasting :
Mots-clés :
RMB Exchange Rate; Grey Relational Analysis; Renminbi; Small MAPE; Exchange Rate Forecasting; EMD; Google Search Volume Index; EEMD; International Economic Situation; Search Volume Index; Renminbi exchange rate; SDR Basket; RMB pricing mechanism; Lead Lag Relationship; Domestic economic situation; Offshore RMB; SDR Currency; Comprehensive Integrated Approach; MIDAS; Exchange Rate; Foreign Exchange Rates; Onshore RMB; RMB’s Internationalization; GARCH; Air Travel Demand Forecasting; Vine Copula; EMD Algorithm; Risk Spillover; Baidu Index; SVAR System