Publisher : Korean Data and Information Science Society
DOI : 10.7465/jkdi.2015.26.6.1387
Title & Authors
A study on the relationship between the onshore and offshore Chinese Yuan markets Lee, Woosik; Chun, Heuiju;
Since the financial crisis of 2008, the People`s Republic of China has aggressively been pursuing the internationalization of the Chinese Yuan or Renminbi. In this regard, rapidly increasing use of the Chinese Yuan in the onshore and offshore markets are important milestones. This paper analyzes relationship between the onshore and offshore Chinese Yuan spot markets. Major findings of this paper are as follows : First, there is full feedback relationship between the Onshore and Offshore Chinese Yuan Markets. Second, the difference between the yuan`s offshore exchange rate and the onshore was getting tight. Third, the offshore Yuan market affects on the onshore market based on the empirical tests.
Chinese Yuan;offshore market;onshore market;var model;