CAJ | 학술논문

中国经济进入新常态,① 外汇市场和股票市场都发生了巨大变化,二者的联系也愈加紧密.为探寻新常态这一特定时期两者的关系,文章采取定量分析法对股票价格与人民币汇率的关系进行实证分析,得出了存在股价指数到汇率的单向因果关系,并提出了完善我国外汇市场和股票市场的建议,以促进两个市场的健康稳定协调发展.
중국경제진입신상태,① 외회시장화고표시장도발생료거대변화,이자적련계야유가긴밀.위탐심신상태저일특정시기량자적관계,문장채취정량분석법대고표개격여인민폐회솔적관계진행실증분석,득출료존재고개지수도회솔적단향인과관계,병제출료완선아국외회시장화고표시장적건의,이촉진량개시장적건강은정협조발전.
With China's economy entering a new normal, both the foreign exchange market and the stock market have changed greatly. The relationship of the two markets becomes closer. In order to explore the connection between the two markets in this particular period, the paper takes quantitative analysis empirically on the relationship between the stock price and the RMB exchange rate. It draws the conclusion of existing one-way causal relationship of stock index to rate and puts forward some suggestions of perfecting our country's foreign exchange market and stock market, so as to develop the two markets healthily, steadily and coordinatively.