Author(s)

Dongyang Li ¹

Affiliation(s)

¹ Hunan University of Technology and Business, Changsha, Hunan, China

Corresponding Author

ABSTRACT

The COVID-19 has had a huge impact on the global economy, by constructing the global major currency correlation network, analyzing the network topology changes of the global foreign exchange market during the epidemic, the risk transmission channels between different currencies are discussed. It is found that during the epidemic, the average distance of the international currency market network first increased and then decreased, and remained at a high level in the middle of the epidemic. The global currency market has different systemically important nodes at different times, and the US Dollar is the largest network association node; Before and after the pandemic, the Chinese Yuan was always at the edge of the network.

KEYWORDS

CITE THIS PAPER

Dongyang Li, Research on Dynamic Topological of Network of Exchange Rates of Major Global Currencies under the Background of the COVID-19 Epidemic. Financial Engineering and Risk Management (2023) Vol. 6: 1-9. DOI: http://dx.doi.org/10.23977/ferm.2023.060601.

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