Abstract
Based on the related theory of stock market linkage, this paper uses the Copula model to analyze the correlation between international gold market and the Chinese stock market. The three important nodes of the process of financial and economic internationalization in China are analyzed in stages. According to the results, the correlation between the international gold market and the Chinese stock market is weak in general, when China does not join the WTO, the Chinese stock market and the international gold market are asymptotically independent; with the gradual deepening of China's internationalization process, the tail correlation between the two is gradually increasing.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.