Analysis and Forecast about China’s Foreign Exchange Reserves Based on Grey System

Foreign Exchange Reserves Demand Model Based on Chinese Government Utility Maximization and Analysis of Chinese Foreign Exchange Reserves

At the end of 2010 China’s foreign exchange reserve reached $2847.34 billion, the author designs the maximum government utility function when consider the China government buys a part foreign exchange if company earns, it means that the China government will increase Ren-Min-Bi Yuan. And it will cause inflation. The inflation will cause disutility to government. Finally it gets the optimal fuct...

A Hybrid Forecast of Exchange Rate based on Discrete Grey-Markov and Grey Neural Network Model

We propose a hybrid forecast model based on discrete grey-fuzzy Markov and grey –neural network model and show that our hybrid model can improve much more the performance of forecast than traditional grey-Markov model and neural network models. Our simulation results are shown that our hybrid forecast method with the combinational weight based on optimal grey relation degree method is better th...

A Hybrid Forecast of Exchange Rate based on ARFIMA,Discrete Grey-Markov, and Fractal Kalman Model

We propose a hybrid forecast based on extended discrete grey Markov and variable dimension Kalman model and show that our hybrid model can improve much more the performance of forecast than traditional grey Markov and Kalman models. Our simulation results are given to demonstrate that our hybrid forecast method combined with degree of grey incidence are better than grey Markov and ARFIMA model ...

The Appropriate Exchange Rate System and the Regulation and Forecast of Exchange Rate for Iran's Economy

Liquidity management of foreign exchange reserves in continuous time

a r t i c l e i n f o JEL classification: C1 C11 E5 F3 Keywords: Foreign exchange reserves Liquidity management Gamma process In order to cope with daily foreign currency exchange payments or trades and avoid liquidity crisis, central banks need to maintain the liquidity of foreign exchange reserves. In this paper, we develop a Foreign Exchange Reserves Liquidity Management (FERLM) model based ...