Graduation Year
2018
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Second Department
Politics and International Relations
Reader 1
Nancy Neiman Auerbach
Reader 2
Sean Flynn
Terms of Use & License Information
Rights Information
© 2017 Yijia Yang
Abstract
This paper examined the probability that the Chinese financial markets have been manipulated prior to the most recent three CPC National Congresses. Based on historical data, it used the Monte Carlo simulation to calculate the probability of the weekly and monthly percentage change of the SSE50 Index and the RMB to USD central parity rate one week and one month prior to the most recent 17th, 18th and 19th CPC National Congress. The results indicate that the weekly and monthly percentage change of both the SSE 50 Index and the RMB to USD central parity rate prior to all three Congresses would be extremely unlikely if both markets have moved in a manner consistent with their previous stochastic movements. It is highly likely that the Chinese financial markets have been manipulated prior to the most recent three CPC National Congress. This study also makes conjectures about manipulators’ motivations behind the market manipulation, assuming the existence of market manipulations.
Recommended Citation
Yang, Yijia, "Have the Chinese Financial Markets Been Manipulated Before the CPC National Congresses?" (2018). Scripps Senior Theses. 1102.
https://scholarship.claremont.edu/scripps_theses/1102
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
