The Linkage Between International Gold Price and Chinese Stock market

Authors

  • Shaoheng Zhan

DOI:

https://doi.org/10.54691/sfzrkc75

Keywords:

Copula, stock market, linkage analysis, gold, tail correlation.

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.

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References

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https://www.gold.org/

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Published

2024-01-23

Issue

Section

Articles

How to Cite

Zhan, S. (2024). The Linkage Between International Gold Price and Chinese Stock market. Frontiers in Humanities and Social Sciences, 4(1), 165-177. https://doi.org/10.54691/sfzrkc75

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