Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 梁伟坚教授 (酒店及旅游管理学院) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.chieco.2004.03.004 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/19WOS source URL
其它资讯
摘要This study discusses the non-deliverable forward (NDF) markets in general and presents some analysis about the RMB NDF market in particular. The NDF is a cash settled forward contract. We discover that the foreign exchange forward premium (RMB/TJS$) becomes discount for various maturities of the NDF after November 13, 2002. The discount is likely a result of the increasingly large China-U.S. trade deficit and mounting foreign reserves. The use of RMB NDF will likely continue to rise as more foreign investors have a bigger stake in doing business in China. (C) 2004 Published by Elsevier Inc.
着者Fung HG, Leung WK, Zhu J
期刊名称China Economic Review
出版年份2004
月份1
日期1
卷号15
期次3
出版社ELSEVIER SCIENCE INC
页次348 - 352
国际标準期刊号1043-951X
电子国际标準期刊号1873-7781
语言英式英语
关键词Chinese RMB; exchange rate; nondeliverable forward market
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
