Differential equation model of financial market stability based on Internet big data
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22 nov 2021
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Publicado en línea: 22 nov 2021
Páginas: 171 - 180
Recibido: 17 jun 2021
Aceptado: 24 sept 2021
DOI: https://doi.org/10.2478/amns.2021.2.00092
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© 2021 Hongling Chen et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
Fig. 1
Fig. 2
Market indicators selected in the article_
| Stock market | SHCI, SZCI, ST, SCC, STC, TR |
| Currency market | M0, M2, IBOR, FTD, M1, RRR, RR |
| Foreign exchange market | The weighted average exchange rate of U.S. dollar to RMB (U/C), the weighted average exchange rate of Japanese yen to RMB (J/C), the weighted average exchange rate of Hong Kong dollar to RMB (H/C), IEV, FOFE, FER |
Causal relationship matrix between 12 decision indicators_
| SCC | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| SHCI | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| SZCI | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| ST | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| M0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| M1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| M2 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| IBOR | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| U/C | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| H/C | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| FER | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
| IEV | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 |
Interrelationships among the three markets_
| Stock market | 7 items, linear and nonlinear | 1 term, nonlinear | 2 terms, nonlinear |
| Currency market | 0 items | 6 items, linear and nonlinear | 3 terms, nonlinear |
| Foreign exchange market | 14 items, linear and nonlinear | 14 items, linear and nonlinear | 15 items, linear and nonlinear |
12 decision-making indicators selected_
| SHCI | Cash in circulation (M0) | Weighted average exchange rate of US dollar to RMB (U/C) |
| SZCI | M1 | Hong Kong dollar to renminbi weighted average exchange rate (H/C) |
| SCC | M2 | FER |
| ST | Interbank Offered Rate (IBOR) | IEV |