@inproceedings{690e0d1ceed9498d939100afd361cff5,
title = "USD index equilibrium study based on the BEER model",
abstract = "This paper examines the long-run determinants of the USD index.. Borrowing the BEER model and using cointegration analysis, we find (1) The increase of the foreign exchange reserves, the GDP growth rate and the change of gold price can make the equilibrium USDX appreciation, but the increase of money supply can make the equilibrium USDX depreciation. (2) Although the {"}equilibrium{"} USDX tracks the trends in the real USDX quite well, the real USDX has been misaligned several times, while the subprime credit crisis and the following financial tsunami have accelerated its overestimate.",
keywords = "BEER model, Equilibrium analysis, Misalignment, USDX",
author = "Lanfen Liu and Liyan Han",
year = "2012",
doi = "10.4028/www.scientific.net/AMR.433-440.2949",
language = "英语",
isbn = "9783037853191",
series = "Advanced Materials Research",
pages = "2949--2953",
booktitle = "Materials Science and Information Technology, MSIT2011",
note = "2011 International Conference on Material Science and Information Technology, MSIT2011 ; Conference date: 16-09-2011 Through 18-09-2011",
}