论文部分内容阅读
本文在国内外相关研究的基础上,对我国的汇率与股价的相关性进行研究。从理论传导机制进行分析,并对我国的汇率与股价相关性进行实证研究,指出资本项目下的外汇管制是导致我国汇率与股价传导途径不通畅的主要原因。
Based on the related researches at home and abroad, this paper studies the correlation between exchange rate and stock price in our country. This paper analyzes the theoretical conduction mechanism and makes an empirical study on the correlation between the exchange rate and the stock price in our country. It points out that the foreign exchange control under the capital account is the main reason leading to the un-smoothing of the exchange rate and stock price transmission in our country.