Research on the Interaction Among Financial Markets in China, Hong Kong and the United States —— Based on Modified CHMM Model
- https://doi.org/10.2991/assehr.k.210407.130How to use a DOI?
- International financial market, interactive influence, modified CHMM model
This paper takes the stock market, bond market and futures market price index returns rates in China, Hong Kong and the United States as research objects, and uses the modified CHMM model to study the interaction between different financial market price indexes. The empirical results show that the interaction between financial market price indexes is relatively close during the sample period; American stock market, American bond market and American futures market are the active initiators of interaction. American financial market has a stronger interactive influence on Hong Kong financial market than China, and China is the active initiator of interaction between China and Hong Kong.
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Li Tong AU - Zhou Sijia AU - Qiu Xuelin AU - Yang Xuanwei PY - 2021 DA - 2021/04/08 TI - Research on the Interaction Among Financial Markets in China, Hong Kong and the United States —— Based on Modified CHMM Model BT - Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021) PB - Atlantis Press SP - 686 EP - 691 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.210407.130 DO - https://doi.org/10.2991/assehr.k.210407.130 ID - Tong2021 ER -