Economics, Econometrics and Finance
2 years ago

China's Crude Oil Futures Market Reacts Strongly to Exchange Rate Shifts

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The Analysis of the China's Crude Oil Futures Market: The Impact of WTI and Exchange Rate on China's Crude Oil Futures Market
Yan Chen, Xinyang Chen, You Wang, Rongjie Wang, Tianyu Xu, Xiafei Tian

Paper Summary

The China's crude oil futures market is influenced by the exchange rate and WTI New York price. The market tends to overreact to changes in the exchange rate and underreact to changes in the WTI price. The study suggests ways to improve the market by comparing it to America's market.

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