| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10481851 | Physica A: Statistical Mechanics and its Applications | 2012 | 10 Pages |
Abstract
⺠The statistical properties of the yuan exchange rate index were studied by MFDMA. ⺠The long-range correlations and multifractal nature in the two periods are unveiled. ⺠Fat-tail plays a critical role in the origins of multifractality in the first period. ⺠Long memory is the major cause of multifractality in the second period. ⺠Exchange rate reform in July 2008 has effect on the effective exchange rate of RMB.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Dong-Hua Wang, Xiao-Wen Yu, Yuan-Yuan Suo,