Fan-yong Liu

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Since the implementation of the new mechanism of Renminbi exchange rate from 2005, the CNY/USD exchange rate fluctuation range has become more greater than before. Therefore, it is very important to control CNY/USD exchange rate risk via prediction. This paper is motivated by evidence that different prediction models can complement each other in(More)
Since the implementation of the new mechanism of renminbi exchange rates in 2005, their fluctuation range has become more greater. Therefore, it is very important to control renminbi exchange rates risk via forecasting. This paper describes four alternative renminbi exchange rates forecasting models. These models are based on autocorrelation shell(More)
Some financial variables can always be observed with perturbations and be expected in the imprecise sense because of the fluctuation of financial markets. Therefore, this paper introduces fuzzy techniques, and gives a fuzzy currency options bounds pricing model. By denoting four input variables in the Garman-Kohlhagen model as triangular fuzzy numbers, the(More)
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