DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-4,Issue-9 ( Sep, 2018 ) | |||||||||
Paper Title |
Information Transmission in the Onshore and Offshore RMB Markets | |||||||||
Author Name |
Yu-Lun Chen | |||||||||
Affilition |
Department of Finance, College of Business, Chung Yuan Christian University, Taiwan | |||||||||
Pages |
32-36 | |||||||||
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 | |||||||||
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