Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17–19, 2023, Beijing, China

Research Article

Empirical Analysis on the Quantitative Conductivity of the U.S. Dollar Index and U.S. External Asset Harvest ——CLRM regression model based on official data from 1973 to 2022

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  • @INPROCEEDINGS{10.4108/eai.17-11-2023.2342685,
        author={Yizhuo  Yu},
        title={Empirical Analysis on the Quantitative Conductivity of the U.S. Dollar Index and U.S. External Asset Harvest ------CLRM regression model based on official data from 1973 to 2022},
        proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2024},
        month={2},
        keywords={us dollar index; asset harvesting; conductive relationship; expected manipulation; risk prevention},
        doi={10.4108/eai.17-11-2023.2342685}
    }
    
  • Yizhuo Yu
    Year: 2024
    Empirical Analysis on the Quantitative Conductivity of the U.S. Dollar Index and U.S. External Asset Harvest ——CLRM regression model based on official data from 1973 to 2022
    ICEMME
    EAI
    DOI: 10.4108/eai.17-11-2023.2342685
Yizhuo Yu1,*
  • 1: Columbia University in the City of New York
*Contact email: Yy3284@columbia.edu

Abstract

Since 2014, the increasingly strong U.S. dollar has once again attracted world attention. Referring to the cyclical pattern of the U.S. dollar index since 1973, this article conducts an empirical analysis through the quantitative analysis of the U.S. dollar index and the harvest of U.S. external assets to demonstrate the linkage between the two. conductive relationship. During the research process, official data from the United States from 1973 to 2022 were cited, and empirical analysis was conducted based on the CLRM regression econometric model. The study found that there is indeed a linkage transmission relationship between the two. After testing, the author has reason to believe that U.S. macroeconomic decision-making agencies, including the Federal Reserve, operate the U.S. dollar exchange rate as expected, making it possible to harvest U.S. foreign assets. Therefore, under the current wave of RMB internationalization in China, the author needs to strengthen foreign exchange risk prevention and not repeat the mistakes of previous countries, so as to promote the development of China economy in a healthy and stable direction and effectively prevent the overseas loss of China state-owned assets.