Renminbi Exchange Rate Forecasting

Yunjie Wei, Shouyang Wang, Kin Keung Lai

• Publisher: Routledge
• Year: 2021
• eBook ISBN: 9781000366693
• Edition: 1
• Topic: Negocios y empresa
• Subtopic: Negocios en general

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.

Table of contents

• Cover
• Half-Title
• Series
• Title
• Copyright
• Contents
• List of figures
• List of tables
• Preface
• Acknowledgments
• 1 Introduction
• 2 Literature review
• 3 The dynamic relationships of the renminbi
• 4 A forecasting approach based on the characteristics of China’s exchange rate
• 5 A forecasting approach based on the domestic economic situation
• 6 A forecasting approach based on the international economic situation
• 7 A forecasting approach based on the public’s expectations
• 8 A comprehensive integrated forecasting approach based on long short-term memory (LSTM)
• 9 Conclusions and future research
• References
• Index