新冠疫情与货币依赖性：来自金砖国家的实证证据
COVID-19 and currency dependences: Empirical evidence from BRICS.
作者信息
Xu Yingying, Lien Donald
机构信息
School of Economics and Management, University of Science and Technology Beijing, Beijing, China.
College of Business, University of Texas at San Antonio, TX, USA.
出版信息
Financ Res Lett. 2022 Mar;45:102119. doi: 10.1016/j.frl.2021.102119. Epub 2021 May 11.
The COVID-19 has caused dramatic fluctuations in international financial markets. This paper tests the effect of this pandemic on foreign exchange dependences within the BRICS economies. Upon dividing the COVID-19 episode into four stages, we document negative effects of the COVID-19 on dependences between CNY and other currencies in the BRICS across different stages. In addition, USD flows positively affect the dependencies of BRL-CNY, INR-CNY, and RUB-CNY pairs in response to the transition of the pandemic stages.
新冠疫情导致国际金融市场出现剧烈波动。本文检验了这场大流行病对金砖国家经济体内部外汇依存关系的影响。在将新冠疫情阶段划分为四个阶段后，我们记录了新冠疫情在不同阶段对金砖国家中人民币与其他货币之间依存关系的负面影响。此外，随着疫情阶段的转变，美元流动对巴西雷亚尔兑人民币、印度卢比兑人民币和俄罗斯卢布兑人民币货币对的依存关系产生正向影响。
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