Will Housing Prices Plague China’s Stock Market under Currency Appreciation?----A Study on the Interaction between Exchange Rates, Housing Prices and Stock Index in China
This paper is concentrated on analyzing the relationship between RMB exchange rate, real estate and stock markets in China. In particular, the study aims to investigate how these three markets are correlated and to what extend RMB appreciation will influence China`s housing and stock markets. Based on the empirical study, I find that the relations between RMB exchange rate, Chinese real estate and