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Topology structure based on detrended cross-correlation coefficient of exchange rate network of the belt and road countries.
- Source :
-
Physica A . Nov2018, Vol. 509, p1140-1151. 12p. - Publication Year :
- 2018
-
Abstract
- The Belt and Road initiative has been gaining attention internationally since its proposal. This study applies complex network theory to the Belt and Road countries’ exchange rate markets by constructing a correlation network for these markets using the detrended cross-correlation coefficient (DCCA cross-correlation coefficient). Results show that the Belt and Road countries’ exchange rate network (BREN) 1 1 Hereinafter referred to as BREN. exhibits a small-world effect and robustness. The network is divided into three clusters by factional analysis. The three clusters correspond to three regions: West Asia, Central Asia and Europe, and Southeast Asia. The cohesion subgroup density between Central Asia and Europe and West Asia is high, and the inter-correlation of the Central Asia and Europe is strong. Moreover, the CNY’s position in the BREN has been significantly improved since the policy was proposed. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03784371
- Volume :
- 509
- Database :
- Academic Search Index
- Journal :
- Physica A
- Publication Type :
- Academic Journal
- Accession number :
- 130964961
- Full Text :
- https://doi.org/10.1016/j.physa.2018.06.059