文献类型：期刊文献

英文题名：Study of multinational currency co-movement and exchange rate stability base on network game

作者：Jiang, Xue[1];Li, Sai-Ping[2,4];Mai, Yong[1];Tian, Tao[3]

机构：[1]East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200237, Peoples R China;[2]Acad Sinica, Inst Phys, Taipei 11529, Taiwan;[3]Shanghai Univ Finance & Econ, Coll Business, 777 Guoding Rd, Shanghai 200433, Peoples R China;[4]Hong Kong Univ Sci & Technol, Dept Phys, Clear Water Bay, Hong Kong, Peoples R China

年份：2022

卷号：47

外文期刊名：FINANCE RESEARCH LETTERS

收录：;WOS:【SSCI(收录号:WOS:000821879600024)】；

语种：英文

外文关键词：Currency co-movement; Exchange rate stable area; Network game; Currency issue revenue

摘要：Complex network analysis of the correlation of exchange rate fluctuations shows that the co-movement of global exchange rate fluctuations is a small-world network. Through the income function of currency issuance and circulation, we build a two countries' currency network model, and then extend it to multi-countries model, within the evolution network game simulation method. We find that multi-countries exchange rate co-movement gradually shapes an stabilize exchange rate co-movement region. The more random the currency co-movement relationship among multi-currency countries is, the easier it is to stabilize exchange rate co-movement relationships; and the higher the proportion of investment income to total income is, the easier it is to shape a multi-currency co-movement exchange rate stability relationship.