2020
DOI: 10.2478/amns.2020.2.00024
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Nonlinear Relationship based on Range Quadratic Loss Function

Abstract: This paper uses the interval quadratic preference loss function to establish the threshold model of exchange rate volatility by Taylor series expansion, and GMM method to study the intervention behavior of exchange rate. It found that the central bank has asymmetric intervention preference for exchange rate, discontinuous and nonlinear intervention for exchange rate, and there is an intervention threshold, and the central bank has a certain degree of “fear of appreciation” trend. To some extent, asymmetric int… Show more

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Cited by 2 publications
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“…The train is regarded as a particle point when the minimum tracking distance and expected tracking distance are analyzed. The minimum tracking distance is calculated by tracking the dynamic rear of the leader, which detailed analysis process is given by D. Huang et al [ 25‐29 ] .…”
Section: Virtual Coupling Trainmentioning
confidence: 99%
“…The train is regarded as a particle point when the minimum tracking distance and expected tracking distance are analyzed. The minimum tracking distance is calculated by tracking the dynamic rear of the leader, which detailed analysis process is given by D. Huang et al [ 25‐29 ] .…”
Section: Virtual Coupling Trainmentioning
confidence: 99%