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Erschienen in:
2016 | OriginalPaper | Buchkapitel
Research on the RMB Index from the Perspective of Financial Security
verfasst von : Zhanzhong Cao, Xuezhi Qin
Erschienen in: Proceedings of 2015 2nd International Conference on Industrial Economics System and Industrial Security Engineering
Verlag: Springer Singapore
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Abstract
The RMB index was calculated with July 21, 2005, as the base period; the weight of both the broad- and narrow-basket RMB indexes was determined separately; and a functional test was performed. The research indicated that the broad-basket RMB index was more stable and can better reflect the trends of the RMB against a basket of currencies both prior to and as well as in financial crisis. The broad-basket RMB index has better stability compared with the USD index and the Shanghai composite (security) index because the broad-basket RMB index fluctuates less.