{"title":"The Linkage Between International Gold Price and Chinese Stock market","authors":"Shaoheng Zhan","doi":"10.54691/sfzrkc75","DOIUrl":null,"url":null,"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.","PeriodicalId":476071,"journal":{"name":"Frontiers in Humanities and Social Sciences","volume":"71 10","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Frontiers in Humanities and Social Sciences","FirstCategoryId":"0","ListUrlMain":"https://doi.org/10.54691/sfzrkc75","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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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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