id	sid	tid	token	lemma	pos
fbem-1913	1	1	microsoft	microsoft	PROPN
fbem-1913	1	2	word	word	NOUN
fbem-1913	1	3	15-fbem8753排板-82-84.docx	15-fbem8753排板-82-84.docx	NUM
fbem-1913	1	4	frontiers	frontier	NOUN
fbem-1913	1	5	in	in	ADP
fbem-1913	1	6	business	business	NOUN
fbem-1913	1	7	,	,	PUNCT
fbem-1913	1	8	economics	economic	NOUN
fbem-1913	1	9	and	and	CCONJ
fbem-1913	1	10	management	management	NOUN
fbem-1913	1	11	issn	issn	PROPN
fbem-1913	1	12	:	:	PUNCT
fbem-1913	1	13	2766	2766	NUM
fbem-1913	1	14	-	-	PUNCT
fbem-1913	1	15	824x	824x	NUM
fbem-1913	1	16	|	|	ADJ
fbem-1913	1	17	vol	vol	NOUN
fbem-1913	1	18	.	.	PROPN
fbem-1913	2	1	5	5	NUM
fbem-1913	2	2	,	,	PUNCT
fbem-1913	2	3	no	no	INTJ
fbem-1913	2	4	.	.	NOUN
fbem-1913	2	5	3	3	NUM
fbem-1913	2	6	,	,	PUNCT
fbem-1913	2	7	2022	2022	NUM
fbem-1913	2	8	82	82	NUM
fbem-1913	3	1	the	the	DET
fbem-1913	3	2	exchange	exchange	NOUN
fbem-1913	3	3	rate	rate	NOUN
fbem-1913	3	4	of	of	ADP
fbem-1913	3	5	rmb	rmb	PROPN
fbem-1913	3	6	has	have	VERB
fbem-1913	3	7	positive	positive	ADJ
fbem-1913	3	8	influence	influence	NOUN
fbem-1913	3	9	to	to	ADP
fbem-1913	3	10	chinese	chinese	ADJ
fbem-1913	3	11	stock	stock	NOUN
fbem-1913	3	12	prices	price	NOUN
fbem-1913	3	13	jinghan	jinghan	VERB
fbem-1913	3	14	lu1	lu1	PROPN
fbem-1913	3	15	,	,	PUNCT
fbem-1913	3	16	a	a	DET
fbem-1913	3	17	1school	1school	NUM
fbem-1913	3	18	of	of	ADP
fbem-1913	3	19	finance	finance	NOUN
fbem-1913	3	20	,	,	PUNCT
fbem-1913	3	21	tianjin	tianjin	PROPN
fbem-1913	3	22	university	university	PROPN
fbem-1913	3	23	of	of	ADP
fbem-1913	3	24	finance	finance	NOUN
fbem-1913	3	25	and	and	CCONJ
fbem-1913	3	26	economics	economic	NOUN
fbem-1913	3	27	,	,	PUNCT
fbem-1913	3	28	tianjin	tianjin	PROPN
fbem-1913	3	29	300221	300221	NUM
fbem-1913	3	30	,	,	PUNCT
fbem-1913	3	31	china	china	PROPN
fbem-1913	3	32	acorresponding	acorresponding	PROPN
fbem-1913	3	33	author	author	NOUN
fbem-1913	3	34	’s	’s	PART
fbem-1913	3	35	email	email	NOUN
fbem-1913	3	36	:	:	PUNCT
fbem-1913	4	1	lujinghan1204@163.com	lujinghan1204@163.com	X
fbem-1913	4	2	abstract	abstract	ADJ
fbem-1913	4	3	:	:	PUNCT
fbem-1913	4	4	after	after	ADP
fbem-1913	4	5	the	the	DET
fbem-1913	4	6	exchange	exchange	NOUN
fbem-1913	4	7	rate	rate	NOUN
fbem-1913	4	8	reform	reform	NOUN
fbem-1913	4	9	on	on	ADP
fbem-1913	4	10	august	august	PROPN
fbem-1913	4	11	11	11	NUM
fbem-1913	4	12	,	,	PUNCT
fbem-1913	4	13	2015	2015	NUM
fbem-1913	4	14	,	,	PUNCT
fbem-1913	4	15	the	the	DET
fbem-1913	4	16	rmb	rmb	PROPN
fbem-1913	4	17	exchange	exchange	NOUN
fbem-1913	4	18	rate	rate	NOUN
fbem-1913	4	19	has	have	AUX
fbem-1913	4	20	had	have	VERB
fbem-1913	4	21	an	an	DET
fbem-1913	4	22	increasing	increase	VERB
fbem-1913	4	23	impact	impact	NOUN
fbem-1913	4	24	on	on	ADP
fbem-1913	4	25	my	my	PRON
fbem-1913	4	26	country	country	NOUN
fbem-1913	4	27	's	's	PART
fbem-1913	4	28	stock	stock	NOUN
fbem-1913	4	29	price	price	NOUN
fbem-1913	4	30	.	.	PUNCT
fbem-1913	5	1	the	the	DET
fbem-1913	5	2	study	study	NOUN
fbem-1913	5	3	of	of	ADP
fbem-1913	5	4	exchange	exchange	NOUN
fbem-1913	5	5	rate	rate	NOUN
fbem-1913	5	6	changes	change	NOUN
fbem-1913	5	7	plays	play	VERB
fbem-1913	5	8	a	a	DET
fbem-1913	5	9	very	very	ADV
fbem-1913	5	10	important	important	ADJ
fbem-1913	5	11	role	role	NOUN
fbem-1913	5	12	in	in	ADP
fbem-1913	5	13	stabilizing	stabilize	VERB
fbem-1913	5	14	a	a	DET
fbem-1913	5	15	country	country	NOUN
fbem-1913	5	16	's	's	PART
fbem-1913	5	17	stock	stock	NOUN
fbem-1913	5	18	price	price	NOUN
fbem-1913	5	19	.	.	PUNCT
fbem-1913	6	1	this	this	DET
fbem-1913	6	2	paper	paper	NOUN
fbem-1913	6	3	first	first	ADV
fbem-1913	6	4	introduces	introduce	VERB
fbem-1913	6	5	the	the	DET
fbem-1913	6	6	transmission	transmission	NOUN
fbem-1913	6	7	mechanism	mechanism	NOUN
fbem-1913	6	8	of	of	ADP
fbem-1913	6	9	exchange	exchange	NOUN
fbem-1913	6	10	rate	rate	NOUN
fbem-1913	6	11	to	to	ADP
fbem-1913	6	12	stock	stock	NOUN
fbem-1913	6	13	prices	price	NOUN
fbem-1913	6	14	from	from	ADP
fbem-1913	6	15	three	three	NUM
fbem-1913	6	16	aspects	aspect	NOUN
fbem-1913	6	17	,	,	PUNCT
fbem-1913	6	18	and	and	CCONJ
fbem-1913	6	19	then	then	ADV
fbem-1913	6	20	establishes	establish	VERB
fbem-1913	6	21	a	a	DET
fbem-1913	6	22	multiple	multiple	ADJ
fbem-1913	6	23	linear	linear	ADJ
fbem-1913	6	24	regression	regression	NOUN
fbem-1913	6	25	equation	equation	NOUN
fbem-1913	6	26	,	,	PUNCT
fbem-1913	6	27	using	use	VERB
fbem-1913	6	28	the	the	DET
fbem-1913	6	29	closing	closing	NOUN
fbem-1913	6	30	price	price	NOUN
fbem-1913	6	31	of	of	ADP
fbem-1913	6	32	the	the	DET
fbem-1913	6	33	csi	csi	PROPN
fbem-1913	6	34	500	500	NUM
fbem-1913	6	35	index	index	NOUN
fbem-1913	6	36	and	and	CCONJ
fbem-1913	6	37	the	the	DET
fbem-1913	6	38	exchange	exchange	NOUN
fbem-1913	6	39	rate	rate	NOUN
fbem-1913	6	40	of	of	ADP
fbem-1913	6	41	rmb	rmb	NOUN
fbem-1913	6	42	against	against	ADP
fbem-1913	6	43	the	the	DET
fbem-1913	6	44	us	us	PROPN
fbem-1913	6	45	dollar	dollar	NOUN
fbem-1913	6	46	as	as	ADP
fbem-1913	6	47	the	the	DET
fbem-1913	6	48	descriptive	descriptive	ADJ
fbem-1913	6	49	indicators	indicator	NOUN
fbem-1913	6	50	of	of	ADP
fbem-1913	6	51	the	the	DET
fbem-1913	6	52	stock	stock	NOUN
fbem-1913	6	53	price	price	NOUN
fbem-1913	6	54	and	and	CCONJ
fbem-1913	6	55	exchange	exchange	NOUN
fbem-1913	6	56	rate	rate	NOUN
fbem-1913	6	57	,	,	PUNCT
fbem-1913	6	58	respectively	respectively	ADV
fbem-1913	6	59	,	,	PUNCT
fbem-1913	6	60	and	and	CCONJ
fbem-1913	6	61	the	the	DET
fbem-1913	6	62	consumer	consumer	NOUN
fbem-1913	6	63	price	price	NOUN
fbem-1913	6	64	index	index	NOUN
fbem-1913	6	65	,	,	PUNCT
fbem-1913	6	66	producer	producer	NOUN
fbem-1913	6	67	price	price	NOUN
fbem-1913	6	68	index	index	NOUN
fbem-1913	6	69	,	,	PUNCT
fbem-1913	6	70	purchasing	purchasing	NOUN
fbem-1913	6	71	manager	manager	NOUN
fbem-1913	6	72	index	index	NOUN
fbem-1913	6	73	,	,	PUNCT
fbem-1913	6	74	and	and	CCONJ
fbem-1913	6	75	money	money	NOUN
fbem-1913	6	76	supply	supply	NOUN
fbem-1913	6	77	are	be	AUX
fbem-1913	6	78	used	use	VERB
fbem-1913	6	79	as	as	ADP
fbem-1913	6	80	control	control	NOUN
fbem-1913	6	81	variables	variable	NOUN
fbem-1913	6	82	to	to	PART
fbem-1913	6	83	empirically	empirically	ADV
fbem-1913	6	84	test	test	VERB
fbem-1913	6	85	the	the	DET
fbem-1913	6	86	effect	effect	NOUN
fbem-1913	6	87	.	.	PUNCT
fbem-1913	7	1	finally	finally	ADV
fbem-1913	7	2	,	,	PUNCT
fbem-1913	7	3	the	the	DET
fbem-1913	7	4	conclusion	conclusion	NOUN
fbem-1913	7	5	is	be	AUX
fbem-1913	7	6	drawn	draw	VERB
fbem-1913	7	7	that	that	SCONJ
fbem-1913	7	8	my	my	PRON
fbem-1913	7	9	country	country	NOUN
fbem-1913	7	10	's	's	PART
fbem-1913	7	11	stock	stock	NOUN
fbem-1913	7	12	price	price	NOUN
fbem-1913	7	13	and	and	CCONJ
fbem-1913	7	14	the	the	DET
fbem-1913	7	15	rmb	rmb	PROPN
fbem-1913	7	16	exchange	exchange	NOUN
fbem-1913	7	17	rate	rate	NOUN
fbem-1913	7	18	change	change	NOUN
fbem-1913	7	19	in	in	ADP
fbem-1913	7	20	the	the	DET
fbem-1913	7	21	same	same	ADJ
fbem-1913	7	22	direction	direction	NOUN
fbem-1913	7	23	.	.	PUNCT
fbem-1913	8	1	keywords	keyword	NOUN
fbem-1913	8	2	:	:	PUNCT
fbem-1913	8	3	exchange	exchange	NOUN
fbem-1913	8	4	rate	rate	NOUN
fbem-1913	8	5	,	,	PUNCT
fbem-1913	8	6	stock	stock	NOUN
fbem-1913	8	7	price	price	NOUN
fbem-1913	8	8	,	,	PUNCT
fbem-1913	8	9	multiple	multiple	ADJ
fbem-1913	8	10	linear	linear	ADJ
fbem-1913	8	11	regression	regression	NOUN
fbem-1913	8	12	.	.	PUNCT
fbem-1913	9	1	1	1	X
fbem-1913	9	2	.	.	X
fbem-1913	9	3	research	research	NOUN
fbem-1913	9	4	background	background	NOUN
fbem-1913	9	5	in	in	ADP
fbem-1913	9	6	2013	2013	NUM
fbem-1913	9	7	,	,	PUNCT
fbem-1913	9	8	the	the	DET
fbem-1913	9	9	united	united	PROPN
fbem-1913	9	10	states	states	PROPN
fbem-1913	9	11	released	release	VERB
fbem-1913	9	12	the	the	DET
fbem-1913	9	13	signal	signal	NOUN
fbem-1913	9	14	of	of	ADP
fbem-1913	9	15	quantitative	quantitative	ADJ
fbem-1913	9	16	easing	easing	NOUN
fbem-1913	9	17	to	to	PART
fbem-1913	9	18	shrink	shrink	VERB
fbem-1913	9	19	its	its	PRON
fbem-1913	9	20	balance	balance	NOUN
fbem-1913	9	21	sheet	sheet	NOUN
fbem-1913	9	22	,	,	PUNCT
fbem-1913	9	23	and	and	CCONJ
fbem-1913	9	24	the	the	DET
fbem-1913	9	25	tenyear	tenyear	ADJ
fbem-1913	9	26	interest	interest	NOUN
fbem-1913	9	27	rate	rate	NOUN
fbem-1913	9	28	in	in	ADP
fbem-1913	9	29	the	the	DET
fbem-1913	9	30	united	united	PROPN
fbem-1913	9	31	states	states	PROPN
fbem-1913	9	32	caused	cause	VERB
fbem-1913	9	33	the	the	DET
fbem-1913	9	34	dollar	dollar	NOUN
fbem-1913	9	35	to	to	PART
fbem-1913	9	36	continue	continue	VERB
fbem-1913	9	37	to	to	PART
fbem-1913	9	38	strengthen	strengthen	VERB
fbem-1913	9	39	,	,	PUNCT
fbem-1913	9	40	and	and	CCONJ
fbem-1913	9	41	the	the	DET
fbem-1913	9	42	public	public	NOUN
fbem-1913	9	43	gradually	gradually	ADV
fbem-1913	9	44	formed	form	VERB
fbem-1913	9	45	the	the	DET
fbem-1913	9	46	expectation	expectation	NOUN
fbem-1913	9	47	of	of	ADP
fbem-1913	9	48	devaluation	devaluation	NOUN
fbem-1913	9	49	of	of	ADP
fbem-1913	9	50	the	the	DET
fbem-1913	9	51	rmb	rmb	NOUN
fbem-1913	9	52	,	,	PUNCT
fbem-1913	9	53	which	which	PRON
fbem-1913	9	54	led	lead	VERB
fbem-1913	9	55	to	to	ADP
fbem-1913	9	56	a	a	DET
fbem-1913	9	57	large	large	ADJ
fbem-1913	9	58	amount	amount	NOUN
fbem-1913	9	59	of	of	ADP
fbem-1913	9	60	capital	capital	NOUN
fbem-1913	9	61	outflow	outflow	NOUN
fbem-1913	9	62	.	.	PUNCT
fbem-1913	10	1	at	at	ADP
fbem-1913	10	2	the	the	DET
fbem-1913	10	3	same	same	ADJ
fbem-1913	10	4	time	time	NOUN
fbem-1913	10	5	,	,	PUNCT
fbem-1913	10	6	the	the	DET
fbem-1913	10	7	intervention	intervention	NOUN
fbem-1913	10	8	of	of	ADP
fbem-1913	10	9	the	the	DET
fbem-1913	10	10	people	people	NOUN
fbem-1913	10	11	's	's	PART
fbem-1913	10	12	bank	bank	PROPN
fbem-1913	10	13	of	of	ADP
fbem-1913	10	14	china	china	PROPN
fbem-1913	10	15	in	in	ADP
fbem-1913	10	16	the	the	DET
fbem-1913	10	17	foreign	foreign	ADJ
fbem-1913	10	18	exchange	exchange	NOUN
fbem-1913	10	19	market	market	NOUN
fbem-1913	10	20	caused	cause	VERB
fbem-1913	10	21	deflation	deflation	NOUN
fbem-1913	10	22	.	.	PUNCT
fbem-1913	11	1	in	in	ADP
fbem-1913	11	2	order	order	NOUN
fbem-1913	11	3	to	to	PART
fbem-1913	11	4	release	release	VERB
fbem-1913	11	5	the	the	DET
fbem-1913	11	6	pressure	pressure	NOUN
fbem-1913	11	7	of	of	ADP
fbem-1913	11	8	rmb	rmb	NOUN
fbem-1913	11	9	depreciation	depreciation	NOUN
fbem-1913	11	10	,	,	PUNCT
fbem-1913	11	11	the	the	DET
fbem-1913	11	12	people	people	NOUN
fbem-1913	11	13	's	's	PART
fbem-1913	11	14	bank	bank	PROPN
fbem-1913	11	15	of	of	ADP
fbem-1913	11	16	china	china	PROPN
fbem-1913	11	17	announced	announce	VERB
fbem-1913	11	18	on	on	ADP
fbem-1913	11	19	august	august	PROPN
fbem-1913	11	20	11	11	NUM
fbem-1913	11	21	,	,	PUNCT
fbem-1913	11	22	2015	2015	NUM
fbem-1913	11	23	to	to	PART
fbem-1913	11	24	adjust	adjust	VERB
fbem-1913	11	25	the	the	DET
fbem-1913	11	26	quotation	quotation	NOUN
fbem-1913	11	27	mechanism	mechanism	NOUN
fbem-1913	11	28	of	of	ADP
fbem-1913	11	29	the	the	DET
fbem-1913	11	30	central	central	ADJ
fbem-1913	11	31	parity	parity	NOUN
fbem-1913	11	32	rate	rate	NOUN
fbem-1913	11	33	of	of	ADP
fbem-1913	11	34	the	the	DET
fbem-1913	11	35	exchange	exchange	NOUN
fbem-1913	11	36	rate	rate	NOUN
fbem-1913	11	37	of	of	ADP
fbem-1913	11	38	rmb	rmb	NOUN
fbem-1913	11	39	against	against	ADP
fbem-1913	11	40	the	the	DET
fbem-1913	11	41	us	us	PROPN
fbem-1913	11	42	dollar	dollar	NOUN
fbem-1913	11	43	.	.	PUNCT
fbem-1913	12	1	from	from	ADP
fbem-1913	12	2	2015	2015	NUM
fbem-1913	12	3	to	to	ADP
fbem-1913	12	4	2016	2016	NUM
fbem-1913	12	5	,	,	PUNCT
fbem-1913	12	6	my	my	PRON
fbem-1913	12	7	country	country	NOUN
fbem-1913	12	8	's	's	PART
fbem-1913	12	9	stock	stock	NOUN
fbem-1913	12	10	market	market	NOUN
fbem-1913	12	11	experienced	experience	VERB
fbem-1913	12	12	a	a	DET
fbem-1913	12	13	large	large	ADJ
fbem-1913	12	14	shock	shock	NOUN
fbem-1913	12	15	from	from	ADP
fbem-1913	12	16	a	a	DET
fbem-1913	12	17	bull	bull	NOUN
fbem-1913	12	18	market	market	NOUN
fbem-1913	12	19	to	to	ADP
fbem-1913	12	20	a	a	DET
fbem-1913	12	21	stock	stock	NOUN
fbem-1913	12	22	market	market	NOUN
fbem-1913	12	23	crash	crash	NOUN
fbem-1913	12	24	.	.	PUNCT
fbem-1913	13	1	on	on	ADP
fbem-1913	13	2	may	may	PROPN
fbem-1913	13	3	29	29	NUM
fbem-1913	13	4	,	,	PUNCT
fbem-1913	13	5	2015	2015	NUM
fbem-1913	13	6	,	,	PUNCT
fbem-1913	13	7	the	the	DET
fbem-1913	13	8	closing	closing	NOUN
fbem-1913	13	9	price	price	NOUN
fbem-1913	13	10	of	of	ADP
fbem-1913	13	11	the	the	DET
fbem-1913	13	12	china	china	PROPN
fbem-1913	13	13	securities	securities	PROPN
fbem-1913	13	14	500	500	NUM
fbem-1913	13	15	index	index	NOUN
fbem-1913	13	16	was	be	AUX
fbem-1913	13	17	as	as	ADV
fbem-1913	13	18	high	high	ADJ
fbem-1913	13	19	as	as	ADP
fbem-1913	13	20	9966.84	9966.84	NUM
fbem-1913	13	21	,	,	PUNCT
fbem-1913	13	22	and	and	CCONJ
fbem-1913	13	23	the	the	DET
fbem-1913	13	24	closing	closing	NOUN
fbem-1913	13	25	point	point	NOUN
fbem-1913	13	26	of	of	ADP
fbem-1913	13	27	the	the	DET
fbem-1913	13	28	csi	csi	ADJ
fbem-1913	13	29	300	300	NUM
fbem-1913	13	30	index	index	NOUN
fbem-1913	13	31	also	also	ADV
fbem-1913	13	32	reached	reach	VERB
fbem-1913	13	33	a	a	DET
fbem-1913	13	34	new	new	ADJ
fbem-1913	13	35	high	high	NOUN
fbem-1913	13	36	of	of	ADP
fbem-1913	13	37	4840.83	4840.83	NUM
fbem-1913	13	38	;	;	PUNCT
fbem-1913	13	39	the	the	DET
fbem-1913	13	40	closing	closing	NOUN
fbem-1913	13	41	price	price	NOUN
fbem-1913	13	42	of	of	ADP
fbem-1913	13	43	the	the	DET
fbem-1913	13	44	500	500	NUM
fbem-1913	13	45	index	index	NOUN
fbem-1913	13	46	fell	fall	VERB
fbem-1913	13	47	to	to	ADP
fbem-1913	13	48	6123.73	6123.73	NUM
fbem-1913	13	49	,	,	PUNCT
fbem-1913	13	50	and	and	CCONJ
fbem-1913	13	51	the	the	DET
fbem-1913	13	52	closing	closing	NOUN
fbem-1913	13	53	price	price	NOUN
fbem-1913	13	54	of	of	ADP
fbem-1913	13	55	the	the	DET
fbem-1913	13	56	csi	csi	ADJ
fbem-1913	13	57	300	300	NUM
fbem-1913	13	58	index	index	NOUN
fbem-1913	13	59	also	also	ADV
fbem-1913	13	60	fell	fall	VERB
fbem-1913	13	61	to	to	ADP
fbem-1913	13	62	3202.95	3202.95	NUM
fbem-1913	13	63	.	.	PUNCT
fbem-1913	14	1	during	during	ADP
fbem-1913	14	2	this	this	DET
fbem-1913	14	3	period	period	NOUN
fbem-1913	14	4	,	,	PUNCT
fbem-1913	14	5	the	the	DET
fbem-1913	14	6	management	management	NOUN
fbem-1913	14	7	has	have	AUX
fbem-1913	14	8	successively	successively	ADV
fbem-1913	14	9	issued	issue	VERB
fbem-1913	14	10	:	:	PUNCT
fbem-1913	14	11	suspending	suspend	VERB
fbem-1913	14	12	the	the	DET
fbem-1913	14	13	ipo	ipo	NOUN
fbem-1913	14	14	issuance	issuance	NOUN
fbem-1913	14	15	,	,	PUNCT
fbem-1913	14	16	securities	security	NOUN
fbem-1913	14	17	companies	company	NOUN
fbem-1913	14	18	will	will	AUX
fbem-1913	14	19	contribute	contribute	VERB
fbem-1913	14	20	no	no	DET
fbem-1913	14	21	less	less	ADJ
fbem-1913	14	22	than	than	ADP
fbem-1913	14	23	120	120	NUM
fbem-1913	14	24	billion	billion	NUM
fbem-1913	14	25	to	to	PART
fbem-1913	14	26	invest	invest	VERB
fbem-1913	14	27	in	in	ADP
fbem-1913	14	28	blue	blue	ADJ
fbem-1913	14	29	-	-	PUNCT
fbem-1913	14	30	chip	chip	NOUN
fbem-1913	14	31	etfs	etfs	NOUN
fbem-1913	14	32	,	,	PUNCT
fbem-1913	14	33	and	and	CCONJ
fbem-1913	14	34	the	the	DET
fbem-1913	14	35	central	central	ADJ
fbem-1913	14	36	bank	bank	NOUN
fbem-1913	14	37	will	will	AUX
fbem-1913	14	38	provide	provide	VERB
fbem-1913	14	39	liquidity	liquidity	NOUN
fbem-1913	14	40	to	to	ADP
fbem-1913	14	41	securities	security	NOUN
fbem-1913	14	42	and	and	CCONJ
fbem-1913	14	43	finance	finance	NOUN
fbem-1913	14	44	companies	company	NOUN
fbem-1913	14	45	.	.	PUNCT
fbem-1913	15	1	during	during	ADP
fbem-1913	15	2	the	the	DET
fbem-1913	15	3	period	period	NOUN
fbem-1913	15	4	,	,	PUNCT
fbem-1913	15	5	the	the	DET
fbem-1913	15	6	ministry	ministry	PROPN
fbem-1913	15	7	of	of	ADP
fbem-1913	15	8	public	public	ADJ
fbem-1913	15	9	security	security	NOUN
fbem-1913	15	10	and	and	CCONJ
fbem-1913	15	11	the	the	DET
fbem-1913	15	12	china	china	PROPN
fbem-1913	15	13	securities	securities	PROPN
fbem-1913	15	14	regulatory	regulatory	PROPN
fbem-1913	15	15	commission	commission	PROPN
fbem-1913	15	16	also	also	ADV
fbem-1913	15	17	jointly	jointly	ADV
fbem-1913	15	18	investigated	investigate	VERB
fbem-1913	15	19	malicious	malicious	ADJ
fbem-1913	15	20	short	short	ADJ
fbem-1913	15	21	-	-	PUNCT
fbem-1913	15	22	selling	sell	VERB
fbem-1913	15	23	activities	activity	NOUN
fbem-1913	15	24	and	and	CCONJ
fbem-1913	15	25	made	make	VERB
fbem-1913	15	26	every	every	DET
fbem-1913	15	27	effort	effort	NOUN
fbem-1913	15	28	to	to	PART
fbem-1913	15	29	maintain	maintain	VERB
fbem-1913	15	30	the	the	DET
fbem-1913	15	31	normal	normal	ADJ
fbem-1913	15	32	order	order	NOUN
fbem-1913	15	33	of	of	ADP
fbem-1913	15	34	the	the	DET
fbem-1913	15	35	capital	capital	NOUN
fbem-1913	15	36	market	market	NOUN
fbem-1913	15	37	.	.	PUNCT
fbem-1913	16	1	there	there	PRON
fbem-1913	16	2	are	be	VERB
fbem-1913	16	3	many	many	ADJ
fbem-1913	16	4	reasons	reason	NOUN
fbem-1913	16	5	for	for	ADP
fbem-1913	16	6	the	the	DET
fbem-1913	16	7	stock	stock	NOUN
fbem-1913	16	8	market	market	NOUN
fbem-1913	16	9	volatility	volatility	NOUN
fbem-1913	16	10	,	,	PUNCT
fbem-1913	16	11	including	include	VERB
fbem-1913	16	12	many	many	ADJ
fbem-1913	16	13	factors	factor	NOUN
fbem-1913	16	14	other	other	ADJ
fbem-1913	16	15	than	than	ADP
fbem-1913	16	16	exchange	exchange	NOUN
fbem-1913	16	17	rate	rate	NOUN
fbem-1913	16	18	and	and	CCONJ
fbem-1913	16	19	monetary	monetary	ADJ
fbem-1913	16	20	policy	policy	NOUN
fbem-1913	16	21	,	,	PUNCT
fbem-1913	16	22	but	but	CCONJ
fbem-1913	16	23	the	the	DET
fbem-1913	16	24	tightening	tighten	VERB
fbem-1913	16	25	effect	effect	NOUN
fbem-1913	16	26	caused	cause	VERB
fbem-1913	16	27	by	by	ADP
fbem-1913	16	28	the	the	DET
fbem-1913	16	29	inflexible	inflexible	ADJ
fbem-1913	16	30	exchange	exchange	NOUN
fbem-1913	16	31	rate	rate	NOUN
fbem-1913	16	32	increases	increase	VERB
fbem-1913	16	33	the	the	DET
fbem-1913	16	34	probability	probability	NOUN
fbem-1913	16	35	of	of	ADP
fbem-1913	16	36	the	the	DET
fbem-1913	16	37	stock	stock	NOUN
fbem-1913	16	38	market	market	NOUN
fbem-1913	16	39	falling	fall	VERB
fbem-1913	16	40	.	.	PUNCT
fbem-1913	17	1	2	2	X
fbem-1913	17	2	.	.	X
fbem-1913	17	3	review	review	NOUN
fbem-1913	17	4	of	of	ADP
fbem-1913	17	5	domestic	domestic	ADJ
fbem-1913	17	6	and	and	CCONJ
fbem-1913	17	7	foreign	foreign	ADJ
fbem-1913	17	8	literature	literature	NOUN
fbem-1913	17	9	dornbusch	dornbusch	NOUN
fbem-1913	17	10	and	and	CCONJ
fbem-1913	17	11	fischer	fischer	PROPN
fbem-1913	17	12	first	first	ADV
fbem-1913	17	13	proposed	propose	VERB
fbem-1913	17	14	a	a	DET
fbem-1913	17	15	flow	flow	NOUN
fbem-1913	17	16	-	-	PUNCT
fbem-1913	17	17	oriented	orient	VERB
fbem-1913	17	18	model	model	NOUN
fbem-1913	17	19	,	,	PUNCT
fbem-1913	17	20	emphasizing	emphasize	VERB
fbem-1913	17	21	the	the	DET
fbem-1913	17	22	trade	trade	NOUN
fbem-1913	17	23	balance	balance	NOUN
fbem-1913	17	24	,	,	PUNCT
fbem-1913	17	25	and	and	CCONJ
fbem-1913	17	26	arguing	argue	VERB
fbem-1913	17	27	that	that	SCONJ
fbem-1913	17	28	the	the	DET
fbem-1913	17	29	exchange	exchange	NOUN
fbem-1913	17	30	rate	rate	NOUN
fbem-1913	17	31	unilaterally	unilaterally	ADV
fbem-1913	17	32	affects	affect	VERB
fbem-1913	17	33	the	the	DET
fbem-1913	17	34	stock	stock	NOUN
fbem-1913	17	35	price	price	NOUN
fbem-1913	17	36	:	:	PUNCT
fbem-1913	17	37	exchange	exchange	NOUN
fbem-1913	17	38	rate	rate	NOUN
fbem-1913	17	39	changes	change	NOUN
fbem-1913	17	40	affect	affect	VERB
fbem-1913	17	41	the	the	DET
fbem-1913	17	42	international	international	ADJ
fbem-1913	17	43	competitiveness	competitiveness	NOUN
fbem-1913	17	44	of	of	ADP
fbem-1913	17	45	enterprises	enterprise	NOUN
fbem-1913	17	46	,	,	PUNCT
fbem-1913	17	47	which	which	PRON
fbem-1913	17	48	are	be	AUX
fbem-1913	17	49	reflected	reflect	VERB
fbem-1913	17	50	in	in	ADP
fbem-1913	17	51	the	the	DET
fbem-1913	17	52	cash	cash	NOUN
fbem-1913	17	53	flow	flow	NOUN
fbem-1913	17	54	and	and	CCONJ
fbem-1913	17	55	stock	stock	NOUN
fbem-1913	17	56	price	price	NOUN
fbem-1913	17	57	fluctuations	fluctuation	NOUN
fbem-1913	17	58	of	of	ADP
fbem-1913	17	59	enterprises	enterprise	NOUN
fbem-1913	17	60	.	.	PUNCT
fbem-1913	18	1	branson	branson	PROPN
fbem-1913	18	2	put	put	VERB
fbem-1913	18	3	forward	forward	ADP
fbem-1913	18	4	a	a	DET
fbem-1913	18	5	stock	stock	NOUN
fbem-1913	18	6	-	-	PUNCT
fbem-1913	18	7	oriented	orient	VERB
fbem-1913	18	8	model	model	NOUN
fbem-1913	18	9	,	,	PUNCT
fbem-1913	18	10	arguing	argue	VERB
fbem-1913	18	11	that	that	SCONJ
fbem-1913	18	12	stock	stock	NOUN
fbem-1913	18	13	prices	price	NOUN
fbem-1913	18	14	will	will	AUX
fbem-1913	18	15	affect	affect	VERB
fbem-1913	18	16	the	the	DET
fbem-1913	18	17	exchange	exchange	NOUN
fbem-1913	18	18	rate	rate	NOUN
fbem-1913	18	19	:	:	PUNCT
fbem-1913	18	20	if	if	SCONJ
fbem-1913	18	21	a	a	DET
fbem-1913	18	22	country	country	NOUN
fbem-1913	18	23	's	's	PART
fbem-1913	18	24	stock	stock	NOUN
fbem-1913	18	25	market	market	NOUN
fbem-1913	18	26	rises	rise	NOUN
fbem-1913	18	27	,	,	PUNCT
fbem-1913	18	28	international	international	ADJ
fbem-1913	18	29	capital	capital	NOUN
fbem-1913	18	30	will	will	AUX
fbem-1913	18	31	flow	flow	VERB
fbem-1913	18	32	into	into	ADP
fbem-1913	18	33	the	the	DET
fbem-1913	18	34	country	country	NOUN
fbem-1913	18	35	's	's	PART
fbem-1913	18	36	stock	stock	NOUN
fbem-1913	18	37	market	market	NOUN
fbem-1913	18	38	,	,	PUNCT
fbem-1913	18	39	and	and	CCONJ
fbem-1913	18	40	the	the	DET
fbem-1913	18	41	demand	demand	NOUN
fbem-1913	18	42	for	for	ADP
fbem-1913	18	43	the	the	DET
fbem-1913	18	44	country	country	NOUN
fbem-1913	18	45	's	's	PART
fbem-1913	18	46	currency	currency	NOUN
fbem-1913	18	47	will	will	AUX
fbem-1913	18	48	increase	increase	VERB
fbem-1913	18	49	,	,	PUNCT
fbem-1913	18	50	resulting	result	VERB
fbem-1913	18	51	in	in	ADP
fbem-1913	18	52	currency	currency	NOUN
fbem-1913	18	53	appreciation	appreciation	NOUN
fbem-1913	18	54	;	;	PUNCT
fbem-1913	18	55	at	at	ADP
fbem-1913	18	56	the	the	DET
fbem-1913	18	57	same	same	ADJ
fbem-1913	18	58	time	time	NOUN
fbem-1913	18	59	,	,	PUNCT
fbem-1913	18	60	due	due	ADP
fbem-1913	18	61	to	to	ADP
fbem-1913	18	62	the	the	DET
fbem-1913	18	63	wealth	wealth	NOUN
fbem-1913	18	64	effect	effect	NOUN
fbem-1913	18	65	,	,	PUNCT
fbem-1913	18	66	consumption	consumption	NOUN
fbem-1913	18	67	and	and	CCONJ
fbem-1913	18	68	investment	investment	NOUN
fbem-1913	18	69	demand	demand	NOUN
fbem-1913	18	70	increase	increase	NOUN
fbem-1913	18	71	,	,	PUNCT
fbem-1913	18	72	and	and	CCONJ
fbem-1913	18	73	the	the	DET
fbem-1913	18	74	demand	demand	NOUN
fbem-1913	18	75	for	for	ADP
fbem-1913	18	76	the	the	DET
fbem-1913	18	77	local	local	ADJ
fbem-1913	18	78	currency	currency	NOUN
fbem-1913	18	79	increases	increase	NOUN
fbem-1913	18	80	,	,	PUNCT
fbem-1913	18	81	which	which	PRON
fbem-1913	18	82	will	will	AUX
fbem-1913	18	83	also	also	ADV
fbem-1913	18	84	lead	lead	VERB
fbem-1913	18	85	to	to	ADP
fbem-1913	18	86	the	the	DET
fbem-1913	18	87	appreciation	appreciation	NOUN
fbem-1913	18	88	of	of	ADP
fbem-1913	18	89	the	the	DET
fbem-1913	18	90	local	local	ADJ
fbem-1913	18	91	currency	currency	NOUN
fbem-1913	18	92	.	.	PUNCT
fbem-1913	19	1	zhao	zhao	PROPN
fbem-1913	19	2	fanzhen	fanzhen	PROPN
fbem-1913	19	3	,	,	PUNCT
fbem-1913	19	4	zhang	zhang	PROPN
fbem-1913	19	5	ting[1	ting[1	PROPN
fbem-1913	19	6	]	]	PUNCT
fbem-1913	19	7	used	use	VERB
fbem-1913	19	8	quadratic	quadratic	ADJ
fbem-1913	19	9	regression	regression	NOUN
fbem-1913	19	10	and	and	CCONJ
fbem-1913	19	11	robust	robust	ADJ
fbem-1913	19	12	regression	regression	NOUN
fbem-1913	19	13	to	to	PART
fbem-1913	19	14	explore	explore	VERB
fbem-1913	19	15	the	the	DET
fbem-1913	19	16	impact	impact	NOUN
fbem-1913	19	17	of	of	ADP
fbem-1913	19	18	exchange	exchange	NOUN
fbem-1913	19	19	rate	rate	NOUN
fbem-1913	19	20	on	on	ADP
fbem-1913	19	21	my	my	PRON
fbem-1913	19	22	country	country	NOUN
fbem-1913	19	23	's	's	PART
fbem-1913	19	24	stock	stock	NOUN
fbem-1913	19	25	market	market	NOUN
fbem-1913	19	26	,	,	PUNCT
fbem-1913	19	27	and	and	CCONJ
fbem-1913	19	28	found	find	VERB
fbem-1913	19	29	that	that	SCONJ
fbem-1913	19	30	exchange	exchange	NOUN
fbem-1913	19	31	rate	rate	NOUN
fbem-1913	19	32	fluctuations	fluctuation	NOUN
fbem-1913	19	33	have	have	VERB
fbem-1913	19	34	a	a	DET
fbem-1913	19	35	positive	positive	ADJ
fbem-1913	19	36	relationship	relationship	NOUN
fbem-1913	19	37	with	with	ADP
fbem-1913	19	38	the	the	DET
fbem-1913	19	39	shanghai	shanghai	PROPN
fbem-1913	19	40	composite	composite	PROPN
fbem-1913	19	41	index	index	NOUN
fbem-1913	19	42	,	,	PUNCT
fbem-1913	19	43	but	but	CCONJ
fbem-1913	19	44	its	its	PRON
fbem-1913	19	45	correlation	correlation	NOUN
fbem-1913	19	46	is	be	AUX
fbem-1913	19	47	closely	closely	ADV
fbem-1913	19	48	related	relate	VERB
fbem-1913	19	49	to	to	ADP
fbem-1913	19	50	the	the	DET
fbem-1913	19	51	industry	industry	NOUN
fbem-1913	19	52	.	.	PUNCT
fbem-1913	20	1	song	song	PROPN
fbem-1913	20	2	ruichao	ruichao	PROPN
fbem-1913	20	3	,	,	PUNCT
fbem-1913	20	4	sun	sun	PROPN
fbem-1913	20	5	tao[2	tao[2	PROPN
fbem-1913	20	6	]	]	PUNCT
fbem-1913	20	7	used	use	VERB
fbem-1913	20	8	the	the	DET
fbem-1913	20	9	dcc	dcc	PROPN
fbem-1913	20	10	-	-	PUNCT
fbem-1913	20	11	mgarch	mgarch	NOUN
fbem-1913	20	12	model	model	NOUN
fbem-1913	20	13	and	and	CCONJ
fbem-1913	20	14	the	the	DET
fbem-1913	20	15	ms	ms	PROPN
fbem-1913	20	16	-	-	PUNCT
fbem-1913	20	17	var	var	NOUN
fbem-1913	20	18	model	model	NOUN
fbem-1913	20	19	,	,	PUNCT
fbem-1913	20	20	using	use	VERB
fbem-1913	20	21	the	the	DET
fbem-1913	20	22	central	central	ADJ
fbem-1913	20	23	parity	parity	NOUN
fbem-1913	20	24	rate	rate	NOUN
fbem-1913	20	25	of	of	ADP
fbem-1913	20	26	the	the	DET
fbem-1913	20	27	usd	usd	PROPN
fbem-1913	20	28	/	/	SYM
fbem-1913	20	29	rmb	rmb	NOUN
fbem-1913	20	30	exchange	exchange	NOUN
fbem-1913	20	31	rate	rate	NOUN
fbem-1913	20	32	and	and	CCONJ
fbem-1913	20	33	the	the	DET
fbem-1913	20	34	csi	csi	ADJ
fbem-1913	20	35	300	300	NUM
fbem-1913	20	36	stock	stock	NOUN
fbem-1913	20	37	index	index	NOUN
fbem-1913	20	38	as	as	ADP
fbem-1913	20	39	indicators	indicator	NOUN
fbem-1913	20	40	to	to	PART
fbem-1913	20	41	measure	measure	VERB
fbem-1913	20	42	the	the	DET
fbem-1913	20	43	chinese	chinese	ADJ
fbem-1913	20	44	stock	stock	NOUN
fbem-1913	20	45	market	market	NOUN
fbem-1913	20	46	,	,	PUNCT
fbem-1913	20	47	and	and	CCONJ
fbem-1913	20	48	found	find	VERB
fbem-1913	20	49	that	that	SCONJ
fbem-1913	20	50	the	the	DET
fbem-1913	20	51	exchange	exchange	NOUN
fbem-1913	20	52	rate	rate	NOUN
fbem-1913	20	53	and	and	CCONJ
fbem-1913	20	54	stock	stock	NOUN
fbem-1913	20	55	price	price	NOUN
fbem-1913	20	56	during	during	ADP
fbem-1913	20	57	2011	2011	NUM
fbem-1913	20	58	-	-	SYM
fbem-1913	20	59	2020	2020	NUM
fbem-1913	20	60	except	except	SCONJ
fbem-1913	20	61	2016	2016	NUM
fbem-1913	20	62	-	-	SYM
fbem-1913	20	63	2018	2018	NUM
fbem-1913	20	64	.	.	PUNCT
fbem-1913	21	1	weak	weak	ADJ
fbem-1913	21	2	correlation	correlation	NOUN
fbem-1913	21	3	,	,	PUNCT
fbem-1913	21	4	the	the	DET
fbem-1913	21	5	rest	rest	NOUN
fbem-1913	21	6	of	of	ADP
fbem-1913	21	7	the	the	DET
fbem-1913	21	8	period	period	NOUN
fbem-1913	21	9	showed	show	VERB
fbem-1913	21	10	a	a	DET
fbem-1913	21	11	negative	negative	ADJ
fbem-1913	21	12	correlation	correlation	NOUN
fbem-1913	21	13	.	.	PUNCT
fbem-1913	22	1	feng	feng	PROPN
fbem-1913	22	2	jian[3	jian[3	PROPN
fbem-1913	22	3	]	]	PUNCT
fbem-1913	22	4	used	use	VERB
fbem-1913	22	5	the	the	DET
fbem-1913	22	6	financial	financial	ADJ
fbem-1913	22	7	crisis	crisis	NOUN
fbem-1913	22	8	and	and	CCONJ
fbem-1913	22	9	the	the	DET
fbem-1913	22	10	exchange	exchange	NOUN
fbem-1913	22	11	rate	rate	NOUN
fbem-1913	22	12	of	of	ADP
fbem-1913	22	13	august	august	PROPN
fbem-1913	22	14	11	11	NUM
fbem-1913	22	15	to	to	PART
fbem-1913	22	16	be	be	AUX
fbem-1913	22	17	changed	change	VERB
fbem-1913	22	18	to	to	ADP
fbem-1913	22	19	nodes	node	NOUN
fbem-1913	22	20	,	,	PUNCT
fbem-1913	22	21	and	and	CCONJ
fbem-1913	22	22	divided	divide	VERB
fbem-1913	22	23	the	the	DET
fbem-1913	22	24	research	research	NOUN
fbem-1913	22	25	sample	sample	NOUN
fbem-1913	22	26	into	into	ADP
fbem-1913	22	27	three	three	NUM
fbem-1913	22	28	subintervals	subinterval	NOUN
fbem-1913	22	29	.	.	PUNCT
fbem-1913	23	1	the	the	DET
fbem-1913	23	2	study	study	NOUN
fbem-1913	23	3	found	find	VERB
fbem-1913	23	4	that	that	SCONJ
fbem-1913	23	5	the	the	DET
fbem-1913	23	6	impact	impact	NOUN
fbem-1913	23	7	of	of	ADP
fbem-1913	23	8	exchange	exchange	NOUN
fbem-1913	23	9	rate	rate	NOUN
fbem-1913	23	10	on	on	ADP
fbem-1913	23	11	the	the	DET
fbem-1913	23	12	stock	stock	NOUN
fbem-1913	23	13	market	market	NOUN
fbem-1913	23	14	increased	increase	VERB
fbem-1913	23	15	significantly	significantly	ADV
fbem-1913	23	16	after	after	ADP
fbem-1913	23	17	the	the	DET
fbem-1913	23	18	exchange	exchange	NOUN
fbem-1913	23	19	rate	rate	NOUN
fbem-1913	23	20	reform	reform	NOUN
fbem-1913	23	21	in	in	ADP
fbem-1913	23	22	2015	2015	NUM
fbem-1913	23	23	.	.	PUNCT
fbem-1913	24	1	the	the	DET
fbem-1913	24	2	var	var	PROPN
fbem-1913	24	3	model	model	NOUN
fbem-1913	24	4	shows	show	VERB
fbem-1913	24	5	that	that	SCONJ
fbem-1913	24	6	it	it	PRON
fbem-1913	24	7	depends	depend	VERB
fbem-1913	24	8	on	on	ADP
fbem-1913	24	9	the	the	DET
fbem-1913	24	10	import	import	NOUN
fbem-1913	24	11	and	and	CCONJ
fbem-1913	24	12	export	export	NOUN
fbem-1913	24	13	industry	industry	NOUN
fbem-1913	24	14	.	.	PUNCT
fbem-1913	25	1	stock	stock	NOUN
fbem-1913	25	2	indices	index	NOUN
fbem-1913	25	3	are	be	AUX
fbem-1913	25	4	more	more	ADV
fbem-1913	25	5	affected	affect	VERB
fbem-1913	25	6	by	by	ADP
fbem-1913	25	7	exchange	exchange	NOUN
fbem-1913	25	8	rates	rate	NOUN
fbem-1913	25	9	than	than	ADP
fbem-1913	25	10	other	other	ADJ
fbem-1913	25	11	sectors	sector	NOUN
fbem-1913	25	12	.	.	PUNCT
fbem-1913	26	1	zhu	zhu	PROPN
fbem-1913	26	2	linfei[4	linfei[4	X
fbem-1913	26	3	]	]	PUNCT
fbem-1913	26	4	chose	choose	VERB
fbem-1913	26	5	the	the	DET
fbem-1913	26	6	shanghai	shanghai	PROPN
fbem-1913	26	7	stock	stock	PROPN
fbem-1913	26	8	exchange	exchange	PROPN
fbem-1913	26	9	a	a	DET
fbem-1913	26	10	index	index	NOUN
fbem-1913	26	11	to	to	PART
fbem-1913	26	12	measure	measure	VERB
fbem-1913	26	13	the	the	DET
fbem-1913	26	14	situation	situation	NOUN
fbem-1913	26	15	of	of	ADP
fbem-1913	26	16	my	my	PRON
fbem-1913	26	17	country	country	NOUN
fbem-1913	26	18	's	's	PART
fbem-1913	26	19	stock	stock	NOUN
fbem-1913	26	20	market	market	NOUN
fbem-1913	26	21	,	,	PUNCT
fbem-1913	26	22	and	and	CCONJ
fbem-1913	26	23	obtained	obtain	VERB
fbem-1913	26	24	the	the	DET
fbem-1913	26	25	conclusion	conclusion	NOUN
fbem-1913	26	26	that	that	SCONJ
fbem-1913	26	27	exchange	exchange	NOUN
fbem-1913	26	28	rate	rate	NOUN
fbem-1913	26	29	and	and	CCONJ
fbem-1913	26	30	stock	stock	NOUN
fbem-1913	26	31	price	price	NOUN
fbem-1913	26	32	interacted	interact	VERB
fbem-1913	26	33	through	through	ADP
fbem-1913	26	34	empirical	empirical	ADJ
fbem-1913	26	35	analysis	analysis	NOUN
fbem-1913	26	36	.	.	PUNCT
fbem-1913	27	1	liu	liu	PROPN
fbem-1913	27	2	yang	yang	PROPN
fbem-1913	27	3	and	and	CCONJ
fbem-1913	27	4	yang	yang	PROPN
fbem-1913	27	5	kaiwei[5	kaiwei[5	PROPN
fbem-1913	27	6	]	]	PUNCT
fbem-1913	27	7	used	use	VERB
fbem-1913	27	8	johansen	johansen	PROPN
fbem-1913	27	9	cointegration	cointegration	PROPN
fbem-1913	27	10	test	test	NOUN
fbem-1913	27	11	and	and	CCONJ
fbem-1913	27	12	granger	granger	PROPN
fbem-1913	27	13	causality	causality	PROPN
fbem-1913	27	14	test	test	NOUN
fbem-1913	27	15	to	to	PART
fbem-1913	27	16	believe	believe	VERB
fbem-1913	27	17	that	that	SCONJ
fbem-1913	27	18	exchange	exchange	NOUN
fbem-1913	27	19	rate	rate	NOUN
fbem-1913	27	20	changes	change	NOUN
fbem-1913	27	21	have	have	VERB
fbem-1913	27	22	a	a	DET
fbem-1913	27	23	unilateral	unilateral	ADJ
fbem-1913	27	24	positive	positive	ADJ
fbem-1913	27	25	correlation	correlation	NOUN
fbem-1913	27	26	with	with	ADP
fbem-1913	27	27	the	the	DET
fbem-1913	27	28	stock	stock	NOUN
fbem-1913	27	29	market	market	NOUN
fbem-1913	27	30	,	,	PUNCT
fbem-1913	27	31	and	and	CCONJ
fbem-1913	27	32	the	the	DET
fbem-1913	27	33	appreciation	appreciation	NOUN
fbem-1913	27	34	of	of	ADP
fbem-1913	27	35	the	the	DET
fbem-1913	27	36	rmb	rmb	NOUN
fbem-1913	27	37	will	will	AUX
fbem-1913	27	38	cause	cause	VERB
fbem-1913	27	39	the	the	DET
fbem-1913	27	40	stock	stock	NOUN
fbem-1913	27	41	price	price	NOUN
fbem-1913	27	42	to	to	PART
fbem-1913	27	43	fall	fall	VERB
fbem-1913	27	44	.	.	PUNCT
fbem-1913	28	1	from	from	ADP
fbem-1913	28	2	the	the	DET
fbem-1913	28	3	research	research	NOUN
fbem-1913	28	4	of	of	ADP
fbem-1913	28	5	the	the	DET
fbem-1913	28	6	above	above	ADJ
fbem-1913	28	7	scholars	scholar	NOUN
fbem-1913	28	8	,	,	PUNCT
fbem-1913	28	9	it	it	PRON
fbem-1913	28	10	can	can	AUX
fbem-1913	28	11	be	be	AUX
fbem-1913	28	12	found	find	VERB
fbem-1913	28	13	that	that	SCONJ
fbem-1913	28	14	the	the	DET
fbem-1913	28	15	exchange	exchange	NOUN
fbem-1913	28	16	rate	rate	NOUN
fbem-1913	28	17	has	have	VERB
fbem-1913	28	18	an	an	DET
fbem-1913	28	19	impact	impact	NOUN
fbem-1913	28	20	on	on	ADP
fbem-1913	28	21	the	the	DET
fbem-1913	28	22	stock	stock	NOUN
fbem-1913	28	23	price	price	NOUN
fbem-1913	28	24	,	,	PUNCT
fbem-1913	28	25	and	and	CCONJ
fbem-1913	28	26	83	83	NUM
fbem-1913	28	27	most	most	ADJ
fbem-1913	28	28	of	of	ADP
fbem-1913	28	29	them	they	PRON
fbem-1913	28	30	are	be	AUX
fbem-1913	28	31	in	in	ADP
fbem-1913	28	32	line	line	NOUN
fbem-1913	28	33	with	with	ADP
fbem-1913	28	34	the	the	DET
fbem-1913	28	35	flow	flow	NOUN
fbem-1913	28	36	-	-	PUNCT
fbem-1913	28	37	oriented	orient	VERB
fbem-1913	28	38	model	model	NOUN
fbem-1913	28	39	;	;	PUNCT
fbem-1913	28	40	there	there	PRON
fbem-1913	28	41	are	be	VERB
fbem-1913	28	42	also	also	ADV
fbem-1913	28	43	a	a	DET
fbem-1913	28	44	few	few	ADJ
fbem-1913	28	45	scholars	scholar	NOUN
fbem-1913	28	46	whose	whose	DET
fbem-1913	28	47	empirical	empirical	ADJ
fbem-1913	28	48	results	result	NOUN
fbem-1913	28	49	are	be	AUX
fbem-1913	28	50	in	in	ADP
fbem-1913	28	51	line	line	NOUN
fbem-1913	28	52	with	with	ADP
fbem-1913	28	53	the	the	DET
fbem-1913	28	54	stock	stock	NOUN
fbem-1913	28	55	-	-	PUNCT
fbem-1913	28	56	oriented	orient	VERB
fbem-1913	28	57	model	model	NOUN
fbem-1913	28	58	.	.	PUNCT
fbem-1913	29	1	however	however	ADV
fbem-1913	29	2	,	,	PUNCT
fbem-1913	29	3	in	in	ADP
fbem-1913	29	4	general	general	ADJ
fbem-1913	29	5	,	,	PUNCT
fbem-1913	29	6	chinese	chinese	ADJ
fbem-1913	29	7	scholars	scholar	NOUN
fbem-1913	29	8	have	have	AUX
fbem-1913	29	9	not	not	PART
fbem-1913	29	10	done	do	VERB
fbem-1913	29	11	much	much	ADJ
fbem-1913	29	12	research	research	NOUN
fbem-1913	29	13	after	after	ADP
fbem-1913	29	14	the	the	DET
fbem-1913	29	15	exchange	exchange	NOUN
fbem-1913	29	16	rate	rate	NOUN
fbem-1913	29	17	reform	reform	NOUN
fbem-1913	29	18	on	on	ADP
fbem-1913	29	19	august	august	PROPN
fbem-1913	29	20	11	11	NUM
fbem-1913	29	21	,	,	PUNCT
fbem-1913	29	22	2015	2015	NUM
fbem-1913	29	23	,	,	PUNCT
fbem-1913	29	24	and	and	CCONJ
fbem-1913	29	25	the	the	DET
fbem-1913	29	26	existing	exist	VERB
fbem-1913	29	27	research	research	NOUN
fbem-1913	29	28	lacks	lack	VERB
fbem-1913	29	29	analysis	analysis	NOUN
fbem-1913	29	30	of	of	ADP
fbem-1913	29	31	events	event	NOUN
fbem-1913	29	32	in	in	ADP
fbem-1913	29	33	the	the	DET
fbem-1913	29	34	exchange	exchange	NOUN
fbem-1913	29	35	rate	rate	NOUN
fbem-1913	29	36	market	market	NOUN
fbem-1913	29	37	and	and	CCONJ
fbem-1913	29	38	securities	security	NOUN
fbem-1913	29	39	market	market	NOUN
fbem-1913	29	40	.	.	PUNCT
fbem-1913	30	1	3	3	X
fbem-1913	30	2	.	.	X
fbem-1913	30	3	the	the	DET
fbem-1913	30	4	mechanism	mechanism	NOUN
fbem-1913	30	5	of	of	ADP
fbem-1913	30	6	exchange	exchange	NOUN
fbem-1913	30	7	rate	rate	NOUN
fbem-1913	30	8	impact	impact	NOUN
fbem-1913	30	9	on	on	ADP
fbem-1913	30	10	stock	stock	NOUN
fbem-1913	30	11	price	price	NOUN
fbem-1913	30	12	3.1	3.1	NUM
fbem-1913	30	13	.	.	PUNCT
fbem-1913	31	1	investor	investor	NOUN
fbem-1913	31	2	expectation	expectation	NOUN
fbem-1913	31	3	transmission	transmission	NOUN
fbem-1913	31	4	mechanism	mechanism	NOUN
fbem-1913	31	5	once	once	SCONJ
fbem-1913	31	6	the	the	DET
fbem-1913	31	7	financial	financial	ADJ
fbem-1913	31	8	market	market	NOUN
fbem-1913	31	9	is	be	AUX
fbem-1913	31	10	pessimistic	pessimistic	ADJ
fbem-1913	31	11	or	or	CCONJ
fbem-1913	31	12	optimistic	optimistic	ADJ
fbem-1913	31	13	,	,	PUNCT
fbem-1913	31	14	many	many	ADJ
fbem-1913	31	15	investors	investor	NOUN
fbem-1913	31	16	will	will	AUX
fbem-1913	31	17	have	have	VERB
fbem-1913	31	18	"	"	PUNCT
fbem-1913	31	19	herd	herd	ADJ
fbem-1913	31	20	behavior	behavior	NOUN
fbem-1913	31	21	"	"	PUNCT
fbem-1913	31	22	,	,	PUNCT
fbem-1913	31	23	which	which	PRON
fbem-1913	31	24	will	will	AUX
fbem-1913	31	25	quickly	quickly	ADV
fbem-1913	31	26	spread	spread	VERB
fbem-1913	31	27	to	to	ADP
fbem-1913	31	28	other	other	ADJ
fbem-1913	31	29	financial	financial	ADJ
fbem-1913	31	30	markets	market	NOUN
fbem-1913	31	31	,	,	PUNCT
fbem-1913	31	32	resulting	result	VERB
fbem-1913	31	33	in	in	ADP
fbem-1913	31	34	"	"	PUNCT
fbem-1913	31	35	domino	domino	NOUN
fbem-1913	31	36	effect"[6	effect"[6	NOUN
fbem-1913	31	37	]	]	PUNCT
fbem-1913	31	38	.	.	PUNCT
fbem-1913	32	1	under	under	ADP
fbem-1913	32	2	the	the	DET
fbem-1913	32	3	direct	direct	ADJ
fbem-1913	32	4	quotation	quotation	NOUN
fbem-1913	32	5	method	method	NOUN
fbem-1913	32	6	,	,	PUNCT
fbem-1913	32	7	an	an	DET
fbem-1913	32	8	increase	increase	NOUN
fbem-1913	32	9	in	in	ADP
fbem-1913	32	10	the	the	DET
fbem-1913	32	11	exchange	exchange	NOUN
fbem-1913	32	12	rate	rate	NOUN
fbem-1913	32	13	means	mean	VERB
fbem-1913	32	14	a	a	DET
fbem-1913	32	15	depreciation	depreciation	NOUN
fbem-1913	32	16	of	of	ADP
fbem-1913	32	17	the	the	DET
fbem-1913	32	18	local	local	ADJ
fbem-1913	32	19	currency	currency	NOUN
fbem-1913	32	20	,	,	PUNCT
fbem-1913	32	21	that	that	ADV
fbem-1913	32	22	is	is	ADV
fbem-1913	32	23	,	,	PUNCT
fbem-1913	32	24	a	a	DET
fbem-1913	32	25	decrease	decrease	NOUN
fbem-1913	32	26	in	in	ADP
fbem-1913	32	27	the	the	DET
fbem-1913	32	28	purchasing	purchase	VERB
fbem-1913	32	29	power	power	NOUN
fbem-1913	32	30	of	of	ADP
fbem-1913	32	31	the	the	DET
fbem-1913	32	32	local	local	ADJ
fbem-1913	32	33	currency	currency	NOUN
fbem-1913	32	34	.	.	PUNCT
fbem-1913	33	1	if	if	SCONJ
fbem-1913	33	2	the	the	DET
fbem-1913	33	3	exchange	exchange	NOUN
fbem-1913	33	4	rate	rate	NOUN
fbem-1913	33	5	correction	correction	NOUN
fbem-1913	33	6	can	can	AUX
fbem-1913	33	7	not	not	PART
fbem-1913	33	8	be	be	AUX
fbem-1913	33	9	realized	realize	VERB
fbem-1913	33	10	for	for	ADP
fbem-1913	33	11	a	a	DET
fbem-1913	33	12	long	long	ADJ
fbem-1913	33	13	time	time	NOUN
fbem-1913	33	14	,	,	PUNCT
fbem-1913	33	15	investors	investor	NOUN
fbem-1913	33	16	in	in	ADP
fbem-1913	33	17	the	the	DET
fbem-1913	33	18	market	market	NOUN
fbem-1913	33	19	will	will	AUX
fbem-1913	33	20	expect	expect	VERB
fbem-1913	33	21	the	the	DET
fbem-1913	33	22	domestic	domestic	ADJ
fbem-1913	33	23	currency	currency	NOUN
fbem-1913	33	24	to	to	PART
fbem-1913	33	25	continue	continue	VERB
fbem-1913	33	26	to	to	PART
fbem-1913	33	27	depreciate	depreciate	VERB
fbem-1913	33	28	,	,	PUNCT
fbem-1913	33	29	and	and	CCONJ
fbem-1913	33	30	the	the	DET
fbem-1913	33	31	investor	investor	NOUN
fbem-1913	33	32	confidence	confidence	NOUN
fbem-1913	33	33	index	index	NOUN
fbem-1913	33	34	will	will	AUX
fbem-1913	33	35	drop	drop	VERB
fbem-1913	33	36	,	,	PUNCT
fbem-1913	33	37	which	which	PRON
fbem-1913	33	38	will	will	AUX
fbem-1913	33	39	greatly	greatly	ADV
fbem-1913	33	40	reduce	reduce	VERB
fbem-1913	33	41	the	the	DET
fbem-1913	33	42	funds	fund	NOUN
fbem-1913	33	43	in	in	ADP
fbem-1913	33	44	the	the	DET
fbem-1913	33	45	stock	stock	NOUN
fbem-1913	33	46	market	market	NOUN
fbem-1913	33	47	,	,	PUNCT
fbem-1913	33	48	which	which	PRON
fbem-1913	33	49	will	will	AUX
fbem-1913	33	50	be	be	AUX
fbem-1913	33	51	reflected	reflect	VERB
fbem-1913	33	52	in	in	ADP
fbem-1913	33	53	the	the	DET
fbem-1913	33	54	stock	stock	NOUN
fbem-1913	33	55	price	price	NOUN
fbem-1913	33	56	drop	drop	NOUN
fbem-1913	33	57	.	.	PUNCT
fbem-1913	34	1	conversely	conversely	ADV
fbem-1913	34	2	,	,	PUNCT
fbem-1913	34	3	when	when	SCONJ
fbem-1913	34	4	the	the	DET
fbem-1913	34	5	exchange	exchange	NOUN
fbem-1913	34	6	rate	rate	NOUN
fbem-1913	34	7	falls	fall	VERB
fbem-1913	34	8	,	,	PUNCT
fbem-1913	34	9	the	the	DET
fbem-1913	34	10	local	local	ADJ
fbem-1913	34	11	currency	currency	NOUN
fbem-1913	34	12	appreciates	appreciate	VERB
fbem-1913	34	13	,	,	PUNCT
fbem-1913	34	14	the	the	DET
fbem-1913	34	15	market	market	NOUN
fbem-1913	34	16	will	will	AUX
fbem-1913	34	17	hold	hold	VERB
fbem-1913	34	18	positive	positive	ADJ
fbem-1913	34	19	expectations	expectation	NOUN
fbem-1913	34	20	,	,	PUNCT
fbem-1913	34	21	and	and	CCONJ
fbem-1913	34	22	investors	investor	NOUN
fbem-1913	34	23	will	will	AUX
fbem-1913	34	24	invest	invest	VERB
fbem-1913	34	25	money	money	NOUN
fbem-1913	34	26	in	in	ADP
fbem-1913	34	27	the	the	DET
fbem-1913	34	28	stock	stock	NOUN
fbem-1913	34	29	market	market	NOUN
fbem-1913	34	30	,	,	PUNCT
fbem-1913	34	31	causing	cause	VERB
fbem-1913	34	32	stock	stock	NOUN
fbem-1913	34	33	prices	price	NOUN
fbem-1913	34	34	to	to	PART
fbem-1913	34	35	rise	rise	VERB
fbem-1913	34	36	.	.	PUNCT
fbem-1913	35	1	3.2	3.2	NUM
fbem-1913	35	2	.	.	PUNCT
fbem-1913	36	1	transmission	transmission	NOUN
fbem-1913	36	2	mechanism	mechanism	NOUN
fbem-1913	36	3	of	of	ADP
fbem-1913	36	4	the	the	DET
fbem-1913	36	5	balance	balance	NOUN
fbem-1913	36	6	of	of	ADP
fbem-1913	36	7	import	import	NOUN
fbem-1913	36	8	and	and	CCONJ
fbem-1913	36	9	export	export	NOUN
fbem-1913	36	10	trade	trade	NOUN
fbem-1913	36	11	under	under	ADP
fbem-1913	36	12	the	the	DET
fbem-1913	36	13	conditions	condition	NOUN
fbem-1913	36	14	of	of	ADP
fbem-1913	36	15	the	the	DET
fbem-1913	36	16	opening	opening	NOUN
fbem-1913	36	17	of	of	ADP
fbem-1913	36	18	the	the	DET
fbem-1913	36	19	international	international	ADJ
fbem-1913	36	20	financial	financial	ADJ
fbem-1913	36	21	market	market	NOUN
fbem-1913	36	22	,	,	PUNCT
fbem-1913	36	23	changes	change	NOUN
fbem-1913	36	24	in	in	ADP
fbem-1913	36	25	the	the	DET
fbem-1913	36	26	exchange	exchange	NOUN
fbem-1913	36	27	rate	rate	NOUN
fbem-1913	36	28	of	of	ADP
fbem-1913	36	29	a	a	DET
fbem-1913	36	30	country	country	NOUN
fbem-1913	36	31	will	will	AUX
fbem-1913	36	32	cause	cause	VERB
fbem-1913	36	33	differences	difference	NOUN
fbem-1913	36	34	in	in	ADP
fbem-1913	36	35	domestic	domestic	ADJ
fbem-1913	36	36	and	and	CCONJ
fbem-1913	36	37	foreign	foreign	ADJ
fbem-1913	36	38	price	price	NOUN
fbem-1913	36	39	levels	level	NOUN
fbem-1913	36	40	.	.	PUNCT
fbem-1913	37	1	driven	drive	VERB
fbem-1913	37	2	by	by	ADP
fbem-1913	37	3	the	the	DET
fbem-1913	37	4	profit	profit	NOUN
fbem-1913	37	5	-	-	PUNCT
fbem-1913	37	6	seeking	seek	VERB
fbem-1913	37	7	nature	nature	NOUN
fbem-1913	37	8	of	of	ADP
fbem-1913	37	9	capital	capital	NOUN
fbem-1913	37	10	,	,	PUNCT
fbem-1913	37	11	investors	investor	NOUN
fbem-1913	37	12	will	will	AUX
fbem-1913	37	13	choose	choose	VERB
fbem-1913	37	14	the	the	DET
fbem-1913	37	15	most	most	ADV
fbem-1913	37	16	economical	economical	ADJ
fbem-1913	37	17	product	product	NOUN
fbem-1913	37	18	or	or	CCONJ
fbem-1913	37	19	service	service	NOUN
fbem-1913	37	20	price	price	NOUN
fbem-1913	37	21	in	in	ADP
fbem-1913	37	22	the	the	DET
fbem-1913	37	23	international	international	ADJ
fbem-1913	37	24	market	market	NOUN
fbem-1913	37	25	,	,	PUNCT
fbem-1913	37	26	so	so	SCONJ
fbem-1913	37	27	that	that	SCONJ
fbem-1913	37	28	the	the	DET
fbem-1913	37	29	increase	increase	NOUN
fbem-1913	37	30	in	in	ADP
fbem-1913	37	31	the	the	DET
fbem-1913	37	32	import	import	NOUN
fbem-1913	37	33	of	of	ADP
fbem-1913	37	34	countries	country	NOUN
fbem-1913	37	35	with	with	ADP
fbem-1913	37	36	an	an	DET
fbem-1913	37	37	increase	increase	NOUN
fbem-1913	37	38	in	in	ADP
fbem-1913	37	39	the	the	DET
fbem-1913	37	40	exchange	exchange	NOUN
fbem-1913	37	41	rate	rate	NOUN
fbem-1913	37	42	of	of	ADP
fbem-1913	37	43	their	their	PRON
fbem-1913	37	44	local	local	ADJ
fbem-1913	37	45	currency	currency	NOUN
fbem-1913	37	46	will	will	AUX
fbem-1913	37	47	increase	increase	VERB
fbem-1913	37	48	the	the	DET
fbem-1913	37	49	stock	stock	NOUN
fbem-1913	37	50	prices	price	NOUN
fbem-1913	37	51	of	of	ADP
fbem-1913	37	52	enterprises	enterprise	NOUN
fbem-1913	37	53	that	that	PRON
fbem-1913	37	54	depend	depend	VERB
fbem-1913	37	55	on	on	ADP
fbem-1913	37	56	imports	import	NOUN
fbem-1913	37	57	.	.	PUNCT
fbem-1913	38	1	the	the	DET
fbem-1913	38	2	state	state	NOUN
fbem-1913	38	3	increases	increase	VERB
fbem-1913	38	4	exports	export	NOUN
fbem-1913	38	5	,	,	PUNCT
fbem-1913	38	6	which	which	PRON
fbem-1913	38	7	benefits	benefit	VERB
fbem-1913	38	8	export	export	NOUN
fbem-1913	38	9	-	-	PUNCT
fbem-1913	38	10	oriented	orient	VERB
fbem-1913	38	11	firms	firm	NOUN
fbem-1913	38	12	,	,	PUNCT
fbem-1913	38	13	thereby	thereby	ADV
fbem-1913	38	14	increasing	increase	VERB
fbem-1913	38	15	their	their	PRON
fbem-1913	38	16	stock	stock	NOUN
fbem-1913	38	17	prices	price	NOUN
fbem-1913	38	18	.	.	PUNCT
fbem-1913	39	1	3.3	3.3	NUM
fbem-1913	39	2	.	.	PUNCT
fbem-1913	39	3	policy	policy	NOUN
fbem-1913	39	4	transmission	transmission	NOUN
fbem-1913	39	5	mechanism	mechanism	NOUN
fbem-1913	39	6	a	a	DET
fbem-1913	39	7	long	long	ADJ
fbem-1913	39	8	-	-	PUNCT
fbem-1913	39	9	term	term	NOUN
fbem-1913	39	10	currency	currency	NOUN
fbem-1913	39	11	stabilization	stabilization	NOUN
fbem-1913	39	12	policy	policy	NOUN
fbem-1913	39	13	plays	play	VERB
fbem-1913	39	14	a	a	DET
fbem-1913	39	15	key	key	ADJ
fbem-1913	39	16	role	role	NOUN
fbem-1913	39	17	in	in	ADP
fbem-1913	39	18	the	the	DET
fbem-1913	39	19	rise	rise	NOUN
fbem-1913	39	20	of	of	ADP
fbem-1913	39	21	stock	stock	NOUN
fbem-1913	39	22	prices	price	NOUN
fbem-1913	39	23	,	,	PUNCT
fbem-1913	39	24	and	and	CCONJ
fbem-1913	39	25	a	a	DET
fbem-1913	39	26	stable	stable	ADJ
fbem-1913	39	27	policy	policy	NOUN
fbem-1913	39	28	can	can	AUX
fbem-1913	39	29	maintain	maintain	VERB
fbem-1913	39	30	the	the	DET
fbem-1913	39	31	stability	stability	NOUN
fbem-1913	39	32	and	and	CCONJ
fbem-1913	39	33	healthy	healthy	ADJ
fbem-1913	39	34	development	development	NOUN
fbem-1913	39	35	of	of	ADP
fbem-1913	39	36	the	the	DET
fbem-1913	39	37	financial	financial	ADJ
fbem-1913	39	38	market[7	market[7	PROPN
fbem-1913	39	39	]	]	PUNCT
fbem-1913	39	40	.	.	PUNCT
fbem-1913	40	1	taking	take	VERB
fbem-1913	40	2	europe	europe	PROPN
fbem-1913	40	3	as	as	ADP
fbem-1913	40	4	an	an	DET
fbem-1913	40	5	example	example	NOUN
fbem-1913	40	6	,	,	PUNCT
fbem-1913	40	7	when	when	SCONJ
fbem-1913	40	8	the	the	DET
fbem-1913	40	9	european	european	ADJ
fbem-1913	40	10	debt	debt	NOUN
fbem-1913	40	11	crisis	crisis	NOUN
fbem-1913	40	12	broke	break	VERB
fbem-1913	40	13	out	out	ADP
fbem-1913	40	14	in	in	ADP
fbem-1913	40	15	2009	2009	NUM
fbem-1913	40	16	,	,	PUNCT
fbem-1913	40	17	the	the	DET
fbem-1913	40	18	exchange	exchange	NOUN
fbem-1913	40	19	rate	rate	NOUN
fbem-1913	40	20	of	of	ADP
fbem-1913	40	21	the	the	DET
fbem-1913	40	22	euro	euro	NOUN
fbem-1913	40	23	against	against	ADP
fbem-1913	40	24	the	the	DET
fbem-1913	40	25	dollar	dollar	NOUN
fbem-1913	40	26	fell	fall	VERB
fbem-1913	40	27	from	from	ADP
fbem-1913	40	28	1.500	1.500	NUM
fbem-1913	40	29	to	to	ADP
fbem-1913	40	30	1.430	1.430	NUM
fbem-1913	40	31	,	,	PUNCT
fbem-1913	40	32	a	a	DET
fbem-1913	40	33	drop	drop	NOUN
fbem-1913	40	34	of	of	ADP
fbem-1913	40	35	about	about	ADP
fbem-1913	40	36	4.89	4.89	NUM
fbem-1913	40	37	%	%	NOUN
fbem-1913	40	38	.	.	PUNCT
fbem-1913	41	1	under	under	ADP
fbem-1913	41	2	severe	severe	ADJ
fbem-1913	41	3	economic	economic	ADJ
fbem-1913	41	4	pressure	pressure	NOUN
fbem-1913	41	5	,	,	PUNCT
fbem-1913	41	6	eu	eu	PROPN
fbem-1913	41	7	member	member	PROPN
fbem-1913	41	8	states	state	NOUN
fbem-1913	41	9	began	begin	VERB
fbem-1913	41	10	to	to	PART
fbem-1913	41	11	take	take	VERB
fbem-1913	41	12	a	a	DET
fbem-1913	41	13	series	series	NOUN
fbem-1913	41	14	of	of	ADP
fbem-1913	41	15	measures	measure	NOUN
fbem-1913	41	16	to	to	PART
fbem-1913	41	17	manage	manage	VERB
fbem-1913	41	18	the	the	DET
fbem-1913	41	19	crisis	crisis	NOUN
fbem-1913	41	20	and	and	CCONJ
fbem-1913	41	21	reshape	reshape	VERB
fbem-1913	41	22	their	their	PRON
fbem-1913	41	23	international	international	ADJ
fbem-1913	41	24	competitiveness	competitiveness	NOUN
fbem-1913	41	25	,	,	PUNCT
fbem-1913	41	26	including	include	VERB
fbem-1913	41	27	strengthening	strengthen	VERB
fbem-1913	41	28	financial	financial	ADJ
fbem-1913	41	29	supervision	supervision	NOUN
fbem-1913	41	30	,	,	PUNCT
fbem-1913	41	31	improving	improve	VERB
fbem-1913	41	32	the	the	DET
fbem-1913	41	33	financial	financial	ADJ
fbem-1913	41	34	system	system	NOUN
fbem-1913	41	35	,	,	PUNCT
fbem-1913	41	36	and	and	CCONJ
fbem-1913	41	37	the	the	DET
fbem-1913	41	38	european	european	PROPN
fbem-1913	41	39	central	central	PROPN
fbem-1913	41	40	bank	bank	PROPN
fbem-1913	41	41	's	's	PART
fbem-1913	41	42	unlimited	unlimited	ADJ
fbem-1913	41	43	purchase	purchase	NOUN
fbem-1913	41	44	of	of	ADP
fbem-1913	41	45	government	government	NOUN
fbem-1913	41	46	bonds	bond	NOUN
fbem-1913	41	47	.	.	PUNCT
fbem-1913	42	1	thereby	thereby	ADV
fbem-1913	42	2	effectively	effectively	ADV
fbem-1913	42	3	slowing	slow	VERB
fbem-1913	42	4	down	down	ADP
fbem-1913	42	5	the	the	DET
fbem-1913	42	6	impact	impact	NOUN
fbem-1913	42	7	on	on	ADP
fbem-1913	42	8	the	the	DET
fbem-1913	42	9	securities	security	NOUN
fbem-1913	42	10	market	market	NOUN
fbem-1913	42	11	.	.	PUNCT
fbem-1913	43	1	4	4	X
fbem-1913	43	2	.	.	X
fbem-1913	43	3	research	research	NOUN
fbem-1913	43	4	design	design	NOUN
fbem-1913	43	5	4.1	4.1	NUM
fbem-1913	43	6	.	.	PUNCT
fbem-1913	44	1	variable	variable	ADJ
fbem-1913	44	2	selection	selection	NOUN
fbem-1913	44	3	the	the	DET
fbem-1913	44	4	independent	independent	ADJ
fbem-1913	44	5	variable	variable	NOUN
fbem-1913	44	6	is	be	AUX
fbem-1913	44	7	the	the	DET
fbem-1913	44	8	rmb	rmb	PROPN
fbem-1913	44	9	exchange	exchange	NOUN
fbem-1913	44	10	rate	rate	NOUN
fbem-1913	44	11	,	,	PUNCT
fbem-1913	44	12	and	and	CCONJ
fbem-1913	44	13	the	the	DET
fbem-1913	44	14	closing	closing	NOUN
fbem-1913	44	15	price	price	NOUN
fbem-1913	44	16	of	of	ADP
fbem-1913	44	17	the	the	DET
fbem-1913	44	18	rmb	rmb	NOUN
fbem-1913	44	19	/	/	SYM
fbem-1913	44	20	usd	usd	NOUN
fbem-1913	44	21	exchange	exchange	NOUN
fbem-1913	44	22	rate	rate	NOUN
fbem-1913	44	23	under	under	ADP
fbem-1913	44	24	the	the	DET
fbem-1913	44	25	indirect	indirect	ADJ
fbem-1913	44	26	pricing	pricing	NOUN
fbem-1913	44	27	method	method	NOUN
fbem-1913	44	28	is	be	AUX
fbem-1913	44	29	used	use	VERB
fbem-1913	44	30	as	as	ADP
fbem-1913	44	31	the	the	DET
fbem-1913	44	32	proxy	proxy	ADJ
fbem-1913	44	33	variable	variable	NOUN
fbem-1913	44	34	for	for	ADP
fbem-1913	44	35	the	the	DET
fbem-1913	44	36	rmb	rmb	PROPN
fbem-1913	44	37	exchange	exchange	NOUN
fbem-1913	44	38	rate	rate	NOUN
fbem-1913	44	39	.	.	PUNCT
fbem-1913	45	1	the	the	DET
fbem-1913	45	2	purpose	purpose	NOUN
fbem-1913	45	3	is	be	AUX
fbem-1913	45	4	to	to	PART
fbem-1913	45	5	make	make	VERB
fbem-1913	45	6	the	the	DET
fbem-1913	45	7	stock	stock	NOUN
fbem-1913	45	8	price	price	NOUN
fbem-1913	45	9	change	change	NOUN
fbem-1913	45	10	and	and	CCONJ
fbem-1913	45	11	the	the	DET
fbem-1913	45	12	exchange	exchange	NOUN
fbem-1913	45	13	rate	rate	NOUN
fbem-1913	45	14	change	change	NOUN
fbem-1913	45	15	in	in	ADP
fbem-1913	45	16	the	the	DET
fbem-1913	45	17	same	same	ADJ
fbem-1913	45	18	direction	direction	NOUN
fbem-1913	45	19	,	,	PUNCT
fbem-1913	45	20	that	that	ADV
fbem-1913	45	21	is	is	ADV
fbem-1913	45	22	,	,	PUNCT
fbem-1913	45	23	the	the	DET
fbem-1913	45	24	rmb	rmb	PROPN
fbem-1913	45	25	exchange	exchange	NOUN
fbem-1913	45	26	rate	rate	NOUN
fbem-1913	45	27	rises	rise	NOUN
fbem-1913	45	28	,	,	PUNCT
fbem-1913	45	29	and	and	CCONJ
fbem-1913	45	30	my	my	PRON
fbem-1913	45	31	country	country	NOUN
fbem-1913	45	32	's	's	PART
fbem-1913	45	33	stock	stock	NOUN
fbem-1913	45	34	price	price	NOUN
fbem-1913	45	35	rises	rise	NOUN
fbem-1913	45	36	,	,	PUNCT
fbem-1913	45	37	thereby	thereby	ADV
fbem-1913	45	38	obtaining	obtain	VERB
fbem-1913	45	39	a	a	DET
fbem-1913	45	40	more	more	ADV
fbem-1913	45	41	intuitive	intuitive	ADJ
fbem-1913	45	42	results	result	NOUN
fbem-1913	45	43	.	.	PUNCT
fbem-1913	46	1	the	the	DET
fbem-1913	46	2	dependent	dependent	ADJ
fbem-1913	46	3	variable	variable	NOUN
fbem-1913	46	4	is	be	AUX
fbem-1913	46	5	the	the	DET
fbem-1913	46	6	stock	stock	NOUN
fbem-1913	46	7	price	price	NOUN
fbem-1913	46	8	,	,	PUNCT
fbem-1913	46	9	and	and	CCONJ
fbem-1913	46	10	the	the	DET
fbem-1913	46	11	closing	closing	NOUN
fbem-1913	46	12	price	price	NOUN
fbem-1913	46	13	of	of	ADP
fbem-1913	46	14	the	the	DET
fbem-1913	46	15	china	china	PROPN
fbem-1913	46	16	securities	securities	PROPN
fbem-1913	46	17	500	500	NUM
fbem-1913	46	18	index	index	NOUN
fbem-1913	46	19	is	be	AUX
fbem-1913	46	20	used	use	VERB
fbem-1913	46	21	as	as	ADP
fbem-1913	46	22	a	a	DET
fbem-1913	46	23	statistical	statistical	ADJ
fbem-1913	46	24	indicator	indicator	NOUN
fbem-1913	46	25	to	to	PART
fbem-1913	46	26	reflect	reflect	VERB
fbem-1913	46	27	the	the	DET
fbem-1913	46	28	overall	overall	ADJ
fbem-1913	46	29	stock	stock	NOUN
fbem-1913	46	30	market	market	NOUN
fbem-1913	46	31	in	in	ADP
fbem-1913	46	32	my	my	PRON
fbem-1913	46	33	country	country	NOUN
fbem-1913	46	34	.	.	PUNCT
fbem-1913	47	1	the	the	DET
fbem-1913	47	2	csi	csi	PROPN
fbem-1913	47	3	500	500	NUM
fbem-1913	47	4	index	index	NOUN
fbem-1913	47	5	mainly	mainly	ADV
fbem-1913	47	6	focuses	focus	VERB
fbem-1913	47	7	on	on	ADP
fbem-1913	47	8	small	small	ADJ
fbem-1913	47	9	-	-	PUNCT
fbem-1913	47	10	cap	cap	NOUN
fbem-1913	47	11	stocks	stock	NOUN
fbem-1913	47	12	in	in	ADP
fbem-1913	47	13	shanghai	shanghai	PROPN
fbem-1913	47	14	and	and	CCONJ
fbem-1913	47	15	shenzhen	shenzhen	PROPN
fbem-1913	47	16	.	.	PUNCT
fbem-1913	48	1	the	the	DET
fbem-1913	48	2	sample	sample	NOUN
fbem-1913	48	3	stocks	stock	NOUN
fbem-1913	48	4	are	be	AUX
fbem-1913	48	5	all	all	PRON
fbem-1913	48	6	a	a	DET
fbem-1913	48	7	-	-	PUNCT
fbem-1913	48	8	shares	share	NOUN
fbem-1913	48	9	excluding	exclude	VERB
fbem-1913	48	10	the	the	DET
fbem-1913	48	11	csi	csi	ADJ
fbem-1913	48	12	300	300	NUM
fbem-1913	48	13	constituent	constituent	NOUN
fbem-1913	48	14	stocks	stock	NOUN
fbem-1913	48	15	and	and	CCONJ
fbem-1913	48	16	the	the	DET
fbem-1913	48	17	top	top	ADJ
fbem-1913	48	18	300	300	NUM
fbem-1913	48	19	stocks	stock	NOUN
fbem-1913	48	20	in	in	ADP
fbem-1913	48	21	terms	term	NOUN
fbem-1913	48	22	of	of	ADP
fbem-1913	48	23	total	total	ADJ
fbem-1913	48	24	market	market	NOUN
fbem-1913	48	25	value	value	NOUN
fbem-1913	48	26	.	.	PUNCT
fbem-1913	49	1	the	the	DET
fbem-1913	49	2	index	index	NOUN
fbem-1913	49	3	pays	pay	VERB
fbem-1913	49	4	too	too	ADV
fbem-1913	49	5	much	much	ADJ
fbem-1913	49	6	attention	attention	NOUN
fbem-1913	49	7	to	to	ADP
fbem-1913	49	8	the	the	DET
fbem-1913	49	9	financial	financial	ADJ
fbem-1913	49	10	industry	industry	NOUN
fbem-1913	49	11	and	and	CCONJ
fbem-1913	49	12	emphasizes	emphasize	VERB
fbem-1913	49	13	the	the	DET
fbem-1913	49	14	market	market	NOUN
fbem-1913	49	15	share	share	NOUN
fbem-1913	49	16	of	of	ADP
fbem-1913	49	17	large	large	ADJ
fbem-1913	49	18	companies	company	NOUN
fbem-1913	49	19	.	.	PUNCT
fbem-1913	50	1	it	it	PRON
fbem-1913	50	2	is	be	AUX
fbem-1913	50	3	an	an	DET
fbem-1913	50	4	index	index	NOUN
fbem-1913	50	5	that	that	PRON
fbem-1913	50	6	reflects	reflect	VERB
fbem-1913	50	7	the	the	DET
fbem-1913	50	8	overall	overall	ADJ
fbem-1913	50	9	situation	situation	NOUN
fbem-1913	50	10	of	of	ADP
fbem-1913	50	11	small	small	ADJ
fbem-1913	50	12	and	and	CCONJ
fbem-1913	50	13	medium	medium	ADJ
fbem-1913	50	14	-	-	PUNCT
fbem-1913	50	15	sized	sized	ADJ
fbem-1913	50	16	companies	company	NOUN
fbem-1913	50	17	in	in	ADP
fbem-1913	50	18	the	the	DET
fbem-1913	50	19	shanghai	shanghai	PROPN
fbem-1913	50	20	and	and	CCONJ
fbem-1913	50	21	shenzhen	shenzhen	PROPN
fbem-1913	50	22	markets	market	NOUN
fbem-1913	50	23	.	.	PUNCT
fbem-1913	51	1	compared	compare	VERB
fbem-1913	51	2	with	with	ADP
fbem-1913	51	3	the	the	DET
fbem-1913	51	4	csi	csi	PROPN
fbem-1913	51	5	300	300	NUM
fbem-1913	51	6	index	index	NOUN
fbem-1913	51	7	,	,	PUNCT
fbem-1913	51	8	it	it	PRON
fbem-1913	51	9	is	be	AUX
fbem-1913	51	10	more	more	ADV
fbem-1913	51	11	representative	representative	ADJ
fbem-1913	51	12	.	.	PUNCT
fbem-1913	52	1	control	control	NOUN
fbem-1913	52	2	variables	variable	NOUN
fbem-1913	52	3	include	include	VERB
fbem-1913	52	4	consumer	consumer	NOUN
fbem-1913	52	5	price	price	NOUN
fbem-1913	52	6	index	index	NOUN
fbem-1913	52	7	(	(	PUNCT
fbem-1913	52	8	cpi	cpi	PROPN
fbem-1913	52	9	)	)	PUNCT
fbem-1913	52	10	,	,	PUNCT
fbem-1913	52	11	producer	producer	NOUN
fbem-1913	52	12	price	price	NOUN
fbem-1913	52	13	index	index	NOUN
fbem-1913	52	14	(	(	PUNCT
fbem-1913	52	15	ppi	ppi	NOUN
fbem-1913	52	16	)	)	PUNCT
fbem-1913	52	17	,	,	PUNCT
fbem-1913	52	18	purchasing	purchase	VERB
fbem-1913	52	19	managers	manager	NOUN
fbem-1913	52	20	'	'	PART
fbem-1913	52	21	index	index	NOUN
fbem-1913	52	22	(	(	PUNCT
fbem-1913	52	23	pmi	pmi	PROPN
fbem-1913	52	24	)	)	PUNCT
fbem-1913	52	25	,	,	PUNCT
fbem-1913	52	26	and	and	CCONJ
fbem-1913	52	27	money	money	NOUN
fbem-1913	52	28	supply	supply	NOUN
fbem-1913	52	29	(	(	PUNCT
fbem-1913	52	30	m2	m2	PROPN
fbem-1913	52	31	)	)	PUNCT
fbem-1913	52	32	.	.	PUNCT
fbem-1913	53	1	the	the	DET
fbem-1913	53	2	above	above	ADJ
fbem-1913	53	3	data	datum	NOUN
fbem-1913	53	4	comes	come	VERB
fbem-1913	53	5	from	from	ADP
fbem-1913	53	6	websites	website	NOUN
fbem-1913	53	7	such	such	ADJ
fbem-1913	53	8	as	as	ADP
fbem-1913	53	9	oriental	oriental	ADJ
fbem-1913	53	10	fortune.com	fortune.com	X
fbem-1913	53	11	and	and	CCONJ
fbem-1913	53	12	sina	sina	PROPN
fbem-1913	53	13	finance	finance	PROPN
fbem-1913	53	14	.	.	PUNCT
fbem-1913	54	1	select	select	VERB
fbem-1913	54	2	the	the	DET
fbem-1913	54	3	monthly	monthly	ADJ
fbem-1913	54	4	data	datum	NOUN
fbem-1913	54	5	from	from	ADP
fbem-1913	54	6	january	january	PROPN
fbem-1913	54	7	2016	2016	NUM
fbem-1913	54	8	to	to	ADP
fbem-1913	54	9	december	december	PROPN
fbem-1913	54	10	2021	2021	NUM
fbem-1913	54	11	,	,	PUNCT
fbem-1913	54	12	remove	remove	VERB
fbem-1913	54	13	the	the	DET
fbem-1913	54	14	abnormal	abnormal	ADJ
fbem-1913	54	15	data	datum	NOUN
fbem-1913	54	16	,	,	PUNCT
fbem-1913	54	17	and	and	CCONJ
fbem-1913	54	18	finally	finally	ADV
fbem-1913	54	19	get	get	VERB
fbem-1913	54	20	71	71	NUM
fbem-1913	54	21	samples	sample	NOUN
fbem-1913	54	22	.	.	PUNCT
fbem-1913	55	1	4.2	4.2	NUM
fbem-1913	55	2	.	.	PUNCT
fbem-1913	55	3	model	model	NOUN
fbem-1913	55	4	selection	selection	NOUN
fbem-1913	55	5	in	in	ADP
fbem-1913	55	6	this	this	DET
fbem-1913	55	7	paper	paper	NOUN
fbem-1913	55	8	,	,	PUNCT
fbem-1913	55	9	a	a	DET
fbem-1913	55	10	multiple	multiple	ADJ
fbem-1913	55	11	regression	regression	NOUN
fbem-1913	55	12	model	model	NOUN
fbem-1913	55	13	is	be	AUX
fbem-1913	55	14	used	use	VERB
fbem-1913	55	15	to	to	PART
fbem-1913	55	16	study	study	VERB
fbem-1913	55	17	the	the	DET
fbem-1913	55	18	impact	impact	NOUN
fbem-1913	55	19	of	of	ADP
fbem-1913	55	20	exchange	exchange	NOUN
fbem-1913	55	21	rates	rate	NOUN
fbem-1913	55	22	on	on	ADP
fbem-1913	55	23	stock	stock	NOUN
fbem-1913	55	24	prices	price	NOUN
fbem-1913	55	25	.	.	PUNCT
fbem-1913	56	1	the	the	DET
fbem-1913	56	2	specific	specific	ADJ
fbem-1913	56	3	models	model	NOUN
fbem-1913	56	4	are	be	AUX
fbem-1913	56	5	as	as	SCONJ
fbem-1913	56	6	follows	follow	VERB
fbem-1913	56	7	:	:	PUNCT
fbem-1913	56	8	sci500	sci500	PROPN
fbem-1913	56	9	=	=	PROPN
fbem-1913	56	10	α0+α1cnyusd+α2cpi+α3ppi+α4m2+α5pmi+µ	α0+α1cnyusd+α2cpi+α3ppi+α4m2+α5pmi+µ	NOUN
fbem-1913	56	11	among	among	ADP
fbem-1913	56	12	them	they	PRON
fbem-1913	56	13	,	,	PUNCT
fbem-1913	56	14	the	the	DET
fbem-1913	56	15	α0	α0	ADJ
fbem-1913	56	16	constant	constant	ADJ
fbem-1913	56	17	term	term	NOUN
fbem-1913	56	18	,	,	PUNCT
fbem-1913	56	19	α1	α1	NOUN
fbem-1913	56	20	-	-	PUNCT
fbem-1913	56	21	α5	α5	NOUN
fbem-1913	56	22	are	be	AUX
fbem-1913	56	23	the	the	DET
fbem-1913	56	24	coefficients	coefficient	NOUN
fbem-1913	56	25	of	of	ADP
fbem-1913	56	26	each	each	DET
fbem-1913	56	27	variable	variable	NOUN
fbem-1913	56	28	,	,	PUNCT
fbem-1913	56	29	and	and	CCONJ
fbem-1913	56	30	µ	µ	NOUN
fbem-1913	56	31	is	be	AUX
fbem-1913	56	32	the	the	DET
fbem-1913	56	33	random	random	ADJ
fbem-1913	56	34	error	error	NOUN
fbem-1913	56	35	term	term	NOUN
fbem-1913	56	36	.	.	PUNCT
fbem-1913	57	1	using	use	VERB
fbem-1913	57	2	stata16.0	stata16.0	PROPN
fbem-1913	57	3	to	to	PART
fbem-1913	57	4	conduct	conduct	VERB
fbem-1913	57	5	empirical	empirical	ADJ
fbem-1913	57	6	research	research	NOUN
fbem-1913	57	7	,	,	PUNCT
fbem-1913	57	8	the	the	DET
fbem-1913	57	9	results	result	NOUN
fbem-1913	57	10	of	of	ADP
fbem-1913	57	11	multiple	multiple	ADJ
fbem-1913	57	12	regression	regression	NOUN
fbem-1913	57	13	are	be	AUX
fbem-1913	57	14	shown	show	VERB
fbem-1913	57	15	in	in	ADP
fbem-1913	57	16	table	table	NOUN
fbem-1913	57	17	1	1	NUM
fbem-1913	57	18	,	,	PUNCT
fbem-1913	57	19	table	table	NOUN
fbem-1913	57	20	2	2	NUM
fbem-1913	57	21	,	,	PUNCT
fbem-1913	57	22	and	and	CCONJ
fbem-1913	57	23	table	table	NOUN
fbem-1913	57	24	3	3	NUM
fbem-1913	57	25	.	.	NOUN
fbem-1913	57	26	5	5	NUM
fbem-1913	57	27	.	.	NOUN
fbem-1913	57	28	results	result	NOUN
fbem-1913	57	29	and	and	CCONJ
fbem-1913	57	30	analysis	analysis	NOUN
fbem-1913	57	31	table	table	NOUN
fbem-1913	57	32	1	1	NUM
fbem-1913	57	33	.	.	PUNCT
fbem-1913	57	34	variance	variance	NOUN
fbem-1913	57	35	analysis	analysis	NOUN
fbem-1913	57	36	source	source	NOUN
fbem-1913	57	37	ss	ss	PROPN
fbem-1913	57	38	df	df	PROPN
fbem-1913	57	39	ms	ms	PROPN
fbem-1913	57	40	model	model	PROPN
fbem-1913	57	41	residual	residual	ADJ
fbem-1913	57	42	21527727.3	21527727.3	NUM
fbem-1913	57	43	5	5	NUM
fbem-1913	57	44	4305545.46	4305545.46	NUM
fbem-1913	57	45	20722525.3	20722525.3	NUM
fbem-1913	57	46	65	65	NUM
fbem-1913	57	47	318808.082	318808.082	NUM
fbem-1913	57	48	total	total	NOUN
fbem-1913	57	49	42250252.6	42250252.6	NUM
fbem-1913	57	50	70	70	NUM
fbem-1913	57	51	603575.037	603575.037	NUM
fbem-1913	57	52	table	table	NOUN
fbem-1913	57	53	2	2	NUM
fbem-1913	57	54	.	.	NOUN
fbem-1913	57	55	significance	significance	NOUN
fbem-1913	57	56	analysis	analysis	NOUN
fbem-1913	57	57	number	number	NOUN
fbem-1913	57	58	of	of	ADP
fbem-1913	57	59	obs	obs	PROPN
fbem-1913	57	60	f(5	f(5	PROPN
fbem-1913	57	61	,	,	PUNCT
fbem-1913	57	62	65	65	NUM
fbem-1913	57	63	)	)	PUNCT
fbem-1913	57	64	prob	prob	NOUN
fbem-1913	57	65	>	>	X
fbem-1913	57	66	f	f	X
fbem-1913	57	67	r	r	X
fbem-1913	57	68	-	-	PUNCT
fbem-1913	57	69	squared	square	VERB
fbem-1913	57	70	adj	adj	NOUN
fbem-1913	57	71	r	r	NOUN
fbem-1913	57	72	-	-	PUNCT
fbem-1913	57	73	squared	square	VERB
fbem-1913	57	74	root	root	NOUN
fbem-1913	57	75	mse	mse	NOUN
fbem-1913	57	76	71	71	NUM
fbem-1913	57	77	13.51	13.51	NUM
fbem-1913	57	78	0.0000	0.0000	NUM
fbem-1913	57	79	0.5095	0.5095	NUM
fbem-1913	57	80	0.4718	0.4718	NUM
fbem-1913	57	81	564.63	564.63	NUM
fbem-1913	57	82	84	84	NUM
fbem-1913	57	83	table	table	NOUN
fbem-1913	57	84	3	3	NUM
fbem-1913	57	85	.	.	PUNCT
fbem-1913	58	1	regression	regression	NOUN
fbem-1913	58	2	coefficient	coefficient	PROPN
fbem-1913	58	3	test	test	PROPN
fbem-1913	58	4	sci500	sci500	PROPN
fbem-1913	58	5	coef	coef	PROPN
fbem-1913	58	6	.	.	PUNCT
fbem-1913	59	1	std	std	NOUN
fbem-1913	59	2	.	.	PUNCT
fbem-1913	60	1	err	err	PROPN
fbem-1913	60	2	.	.	PUNCT
fbem-1913	61	1	t	t	PROPN
fbem-1913	61	2	p>|t|	p>|t|	PROPN
fbem-1913	62	1	[	[	X
fbem-1913	62	2	95	95	NUM
fbem-1913	62	3	%	%	NOUN
fbem-1913	62	4	conf	conf	NOUN
fbem-1913	62	5	.	.	PUNCT
fbem-1913	63	1	interval	interval	NOUN
fbem-1913	63	2	]	]	PUNCT
fbem-1913	63	3	cnyusd	cnyusd	PROPN
fbem-1913	63	4	cpi	cpi	PROPN
fbem-1913	63	5	ppi	ppi	PROPN
fbem-1913	63	6	m2	m2	PROPN
fbem-1913	63	7	pmi	pmi	PROPN
fbem-1913	63	8	_	_	PROPN
fbem-1913	63	9	cons	con	NOUN
fbem-1913	63	10	54952.44	54952.44	NUM
fbem-1913	64	1	16025.01	16025.01	NUM
fbem-1913	64	2	3.43	3.43	NUM
fbem-1913	64	3	0.001	0.001	NUM
fbem-1913	64	4	22948.29	22948.29	NUM
fbem-1913	64	5	86956.6	86956.6	NUM
fbem-1913	64	6	-100.9654	-100.9654	NUM
fbem-1913	64	7	80.91045	80.91045	NUM
fbem-1913	64	8	-1.25	-1.25	NUM
fbem-1913	64	9	0.217	0.217	NUM
fbem-1913	64	10	-262.5547	-262.5547	PROPN
fbem-1913	64	11	60.62391	60.62391	NUM
fbem-1913	64	12	38.18741	38.18741	NUM
fbem-1913	64	13	17.55416	17.55416	NUM
fbem-1913	64	14	2.18	2.18	NUM
fbem-1913	64	15	0.033	0.033	NUM
fbem-1913	64	16	3.129329	3.129329	NUM
fbem-1913	64	17	73.2455	73.2455	NUM
fbem-1913	64	18	.0002834	.0002834	PROPN
fbem-1913	64	19	.0002494	.0002494	ADP
fbem-1913	64	20	1.14	1.14	NUM
fbem-1913	64	21	0.260	0.260	NUM
fbem-1913	64	22	-.0002148	-.0002148	PUNCT
fbem-1913	64	23	.0007815	.0007815	PUNCT
fbem-1913	65	1	219.7796	219.7796	NUM
fbem-1913	65	2	84.77319	84.77319	NUM
fbem-1913	65	3	2.59	2.59	NUM
fbem-1913	65	4	0.012	0.012	NUM
fbem-1913	65	5	50.47587	50.47587	NUM
fbem-1913	65	6	389.0834	389.0834	NUM
fbem-1913	65	7	-7602.64	-7602.64	PROPN
fbem-1913	65	8	11695.45	11695.45	NUM
fbem-1913	65	9	-0.65	-0.65	NUM
fbem-1913	65	10	0.518	0.518	NUM
fbem-1913	65	11	-30960.07	-30960.07	NOUN
fbem-1913	65	12	15754.79	15754.79	NUM
fbem-1913	65	13	as	as	SCONJ
fbem-1913	65	14	can	can	AUX
fbem-1913	65	15	be	be	AUX
fbem-1913	65	16	seen	see	VERB
fbem-1913	65	17	from	from	ADP
fbem-1913	65	18	table	table	NOUN
fbem-1913	65	19	3	3	NUM
fbem-1913	65	20	,	,	PUNCT
fbem-1913	65	21	the	the	DET
fbem-1913	65	22	control	control	NOUN
fbem-1913	65	23	variables	variable	VERB
fbem-1913	65	24	cpi	cpi	PROPN
fbem-1913	65	25	and	and	CCONJ
fbem-1913	65	26	m2	m2	PROPN
fbem-1913	65	27	have	have	AUX
fbem-1913	65	28	not	not	PART
fbem-1913	65	29	passed	pass	VERB
fbem-1913	65	30	the	the	DET
fbem-1913	65	31	test	test	NOUN
fbem-1913	65	32	of	of	ADP
fbem-1913	65	33	significance	significance	NOUN
fbem-1913	65	34	of	of	ADP
fbem-1913	65	35	0.05	0.05	NUM
fbem-1913	65	36	,	,	PUNCT
fbem-1913	65	37	indicating	indicate	VERB
fbem-1913	65	38	that	that	SCONJ
fbem-1913	65	39	the	the	DET
fbem-1913	65	40	correlation	correlation	NOUN
fbem-1913	65	41	between	between	ADP
fbem-1913	65	42	these	these	DET
fbem-1913	65	43	indicators	indicator	NOUN
fbem-1913	65	44	and	and	CCONJ
fbem-1913	65	45	the	the	DET
fbem-1913	65	46	csi	csi	PROPN
fbem-1913	65	47	500	500	NUM
fbem-1913	65	48	index	index	NOUN
fbem-1913	65	49	is	be	AUX
fbem-1913	65	50	not	not	PART
fbem-1913	65	51	obvious	obvious	ADJ
fbem-1913	65	52	.	.	PUNCT
fbem-1913	66	1	the	the	DET
fbem-1913	66	2	other	other	ADJ
fbem-1913	66	3	two	two	NUM
fbem-1913	66	4	control	control	NOUN
fbem-1913	66	5	variables	variable	NOUN
fbem-1913	66	6	have	have	AUX
fbem-1913	66	7	passed	pass	VERB
fbem-1913	66	8	the	the	DET
fbem-1913	66	9	0.05	0.05	NUM
fbem-1913	66	10	significance	significance	NOUN
fbem-1913	66	11	level	level	NOUN
fbem-1913	66	12	test	test	NOUN
fbem-1913	66	13	,	,	PUNCT
fbem-1913	66	14	indicating	indicate	VERB
fbem-1913	66	15	that	that	SCONJ
fbem-1913	66	16	the	the	DET
fbem-1913	66	17	csi	csi	PROPN
fbem-1913	66	18	500	500	NUM
fbem-1913	66	19	index	index	NOUN
fbem-1913	66	20	has	have	VERB
fbem-1913	66	21	a	a	DET
fbem-1913	66	22	significant	significant	ADJ
fbem-1913	66	23	positive	positive	ADJ
fbem-1913	66	24	correlation	correlation	NOUN
fbem-1913	66	25	with	with	ADP
fbem-1913	66	26	the	the	DET
fbem-1913	66	27	producer	producer	NOUN
fbem-1913	66	28	price	price	NOUN
fbem-1913	66	29	index	index	NOUN
fbem-1913	66	30	and	and	CCONJ
fbem-1913	66	31	the	the	DET
fbem-1913	66	32	purchasing	purchase	VERB
fbem-1913	66	33	managers	manager	NOUN
fbem-1913	66	34	index	index	NOUN
fbem-1913	66	35	.	.	PUNCT
fbem-1913	67	1	the	the	DET
fbem-1913	67	2	regression	regression	NOUN
fbem-1913	67	3	results	result	NOUN
fbem-1913	67	4	show	show	VERB
fbem-1913	67	5	that	that	SCONJ
fbem-1913	67	6	sci500	sci500	NOUN
fbem-1913	67	7	and	and	CCONJ
fbem-1913	67	8	cnyusd	cnyusd	NOUN
fbem-1913	67	9	are	be	AUX
fbem-1913	67	10	positively	positively	ADV
fbem-1913	67	11	correlated	correlate	VERB
fbem-1913	67	12	at	at	ADP
fbem-1913	67	13	the	the	DET
fbem-1913	67	14	0.01	0.01	NUM
fbem-1913	67	15	significant	significant	ADJ
fbem-1913	67	16	level	level	NOUN
fbem-1913	67	17	,	,	PUNCT
fbem-1913	67	18	that	that	ADV
fbem-1913	67	19	is	is	ADV
fbem-1913	67	20	,	,	PUNCT
fbem-1913	67	21	the	the	PRON
fbem-1913	67	22	higher	high	ADJ
fbem-1913	67	23	the	the	DET
fbem-1913	67	24	rmb	rmb	PROPN
fbem-1913	67	25	exchange	exchange	NOUN
fbem-1913	67	26	rate	rate	NOUN
fbem-1913	67	27	,	,	PUNCT
fbem-1913	67	28	the	the	DET
fbem-1913	67	29	appreciation	appreciation	NOUN
fbem-1913	67	30	of	of	ADP
fbem-1913	67	31	the	the	DET
fbem-1913	67	32	rmb	rmb	NOUN
fbem-1913	67	33	,	,	PUNCT
fbem-1913	67	34	and	and	CCONJ
fbem-1913	67	35	the	the	PRON
fbem-1913	67	36	higher	high	ADJ
fbem-1913	67	37	the	the	DET
fbem-1913	67	38	stock	stock	NOUN
fbem-1913	67	39	price	price	NOUN
fbem-1913	67	40	level	level	NOUN
fbem-1913	67	41	in	in	ADP
fbem-1913	67	42	my	my	PRON
fbem-1913	67	43	country	country	NOUN
fbem-1913	67	44	.	.	PUNCT
fbem-1913	68	1	the	the	DET
fbem-1913	68	2	degree	degree	NOUN
fbem-1913	68	3	of	of	ADP
fbem-1913	68	4	fit	fit	NOUN
fbem-1913	68	5	of	of	ADP
fbem-1913	68	6	the	the	DET
fbem-1913	68	7	model	model	NOUN
fbem-1913	68	8	is	be	AUX
fbem-1913	68	9	0.4718	0.4718	NUM
fbem-1913	68	10	,	,	PUNCT
fbem-1913	68	11	and	and	CCONJ
fbem-1913	68	12	the	the	DET
fbem-1913	68	13	f	f	PROPN
fbem-1913	68	14	value	value	NOUN
fbem-1913	68	15	of	of	ADP
fbem-1913	68	16	0.0000	0.0000	NUM
fbem-1913	68	17	indicates	indicate	VERB
fbem-1913	68	18	that	that	SCONJ
fbem-1913	68	19	the	the	DET
fbem-1913	68	20	model	model	NOUN
fbem-1913	68	21	as	as	ADP
fbem-1913	68	22	a	a	DET
fbem-1913	68	23	whole	whole	NOUN
fbem-1913	68	24	is	be	AUX
fbem-1913	68	25	significant	significant	ADJ
fbem-1913	68	26	.	.	PUNCT
fbem-1913	69	1	therefore	therefore	ADV
fbem-1913	69	2	,	,	PUNCT
fbem-1913	69	3	the	the	DET
fbem-1913	69	4	following	follow	VERB
fbem-1913	69	5	multiple	multiple	ADJ
fbem-1913	69	6	linear	linear	PROPN
fbem-1913	69	7	regression	regression	NOUN
fbem-1913	69	8	model	model	NOUN
fbem-1913	69	9	is	be	AUX
fbem-1913	69	10	finally	finally	ADV
fbem-1913	69	11	constructed	construct	VERB
fbem-1913	69	12	:	:	PUNCT
fbem-1913	70	1	sci500=-7602.64	sci500=-7602.64	PROPN
fbem-1913	70	2	+	+	PROPN
fbem-1913	70	3	54952.44cnyusd100.9654cpi+38.18741ppi+0.002834m2	54952.44cnyusd100.9654cpi+38.18741ppi+0.002834m2	NUM
fbem-1913	70	4	+	+	NOUN
fbem-1913	70	5	219.7796pmi+µ	219.7796pmi+µ	NUM
fbem-1913	70	6	6	6	NUM
fbem-1913	70	7	.	.	PUNCT
fbem-1913	70	8	conclusions	conclusion	NOUN
fbem-1913	70	9	and	and	CCONJ
fbem-1913	70	10	recommendations	recommendation	NOUN
fbem-1913	70	11	through	through	ADP
fbem-1913	70	12	theoretical	theoretical	ADJ
fbem-1913	70	13	research	research	NOUN
fbem-1913	70	14	and	and	CCONJ
fbem-1913	70	15	the	the	DET
fbem-1913	70	16	use	use	NOUN
fbem-1913	70	17	of	of	ADP
fbem-1913	70	18	monthly	monthly	ADJ
fbem-1913	70	19	data	datum	NOUN
fbem-1913	70	20	from	from	ADP
fbem-1913	70	21	january	january	PROPN
fbem-1913	70	22	2016	2016	NUM
fbem-1913	70	23	to	to	ADP
fbem-1913	70	24	december	december	PROPN
fbem-1913	70	25	2021	2021	NUM
fbem-1913	70	26	to	to	PART
fbem-1913	70	27	establish	establish	VERB
fbem-1913	70	28	a	a	DET
fbem-1913	70	29	multiple	multiple	ADJ
fbem-1913	70	30	regression	regression	NOUN
fbem-1913	70	31	model	model	NOUN
fbem-1913	70	32	,	,	PUNCT
fbem-1913	70	33	this	this	DET
fbem-1913	70	34	paper	paper	NOUN
fbem-1913	70	35	studies	study	VERB
fbem-1913	70	36	the	the	DET
fbem-1913	70	37	impact	impact	NOUN
fbem-1913	70	38	of	of	ADP
fbem-1913	70	39	the	the	DET
fbem-1913	70	40	rmb	rmb	PROPN
fbem-1913	70	41	exchange	exchange	NOUN
fbem-1913	70	42	rate	rate	NOUN
fbem-1913	70	43	on	on	ADP
fbem-1913	70	44	china	china	PROPN
fbem-1913	70	45	's	's	PART
fbem-1913	70	46	stock	stock	NOUN
fbem-1913	70	47	price	price	NOUN
fbem-1913	70	48	since	since	SCONJ
fbem-1913	70	49	the	the	DET
fbem-1913	70	50	exchange	exchange	NOUN
fbem-1913	70	51	rate	rate	NOUN
fbem-1913	70	52	reform	reform	NOUN
fbem-1913	70	53	on	on	ADP
fbem-1913	70	54	august	august	PROPN
fbem-1913	70	55	11	11	NUM
fbem-1913	70	56	,	,	PUNCT
fbem-1913	70	57	and	and	CCONJ
fbem-1913	70	58	draws	draw	VERB
fbem-1913	70	59	the	the	DET
fbem-1913	70	60	following	following	ADJ
fbem-1913	70	61	conclusions	conclusion	NOUN
fbem-1913	70	62	:	:	PUNCT
fbem-1913	70	63	after	after	ADP
fbem-1913	70	64	the	the	DET
fbem-1913	70	65	exchange	exchange	NOUN
fbem-1913	70	66	rate	rate	NOUN
fbem-1913	70	67	reform	reform	NOUN
fbem-1913	70	68	in	in	ADP
fbem-1913	70	69	2015	2015	NUM
fbem-1913	70	70	,	,	PUNCT
fbem-1913	70	71	my	my	PRON
fbem-1913	70	72	country	country	NOUN
fbem-1913	70	73	's	's	PART
fbem-1913	70	74	the	the	DET
fbem-1913	70	75	stock	stock	NOUN
fbem-1913	70	76	price	price	NOUN
fbem-1913	70	77	and	and	CCONJ
fbem-1913	70	78	the	the	DET
fbem-1913	70	79	rmb	rmb	PROPN
fbem-1913	70	80	exchange	exchange	NOUN
fbem-1913	70	81	rate	rate	NOUN
fbem-1913	70	82	have	have	VERB
fbem-1913	70	83	a	a	DET
fbem-1913	70	84	significant	significant	ADJ
fbem-1913	70	85	codirectional	codirectional	ADJ
fbem-1913	70	86	relationship	relationship	NOUN
fbem-1913	70	87	,	,	PUNCT
fbem-1913	70	88	and	and	CCONJ
fbem-1913	70	89	the	the	DET
fbem-1913	70	90	appreciation	appreciation	NOUN
fbem-1913	70	91	of	of	ADP
fbem-1913	70	92	the	the	DET
fbem-1913	70	93	rmb	rmb	NOUN
fbem-1913	70	94	will	will	AUX
fbem-1913	70	95	help	help	VERB
fbem-1913	70	96	drive	drive	VERB
fbem-1913	70	97	the	the	DET
fbem-1913	70	98	stock	stock	NOUN
fbem-1913	70	99	price	price	NOUN
fbem-1913	70	100	up	up	ADP
fbem-1913	70	101	and	and	CCONJ
fbem-1913	70	102	provide	provide	VERB
fbem-1913	70	103	impetus	impetus	NOUN
fbem-1913	70	104	for	for	ADP
fbem-1913	70	105	the	the	DET
fbem-1913	70	106	development	development	NOUN
fbem-1913	70	107	of	of	ADP
fbem-1913	70	108	the	the	DET
fbem-1913	70	109	securities	security	NOUN
fbem-1913	70	110	market	market	NOUN
fbem-1913	70	111	.	.	PUNCT
fbem-1913	71	1	in	in	ADP
fbem-1913	71	2	this	this	DET
fbem-1913	71	3	regard	regard	NOUN
fbem-1913	71	4	,	,	PUNCT
fbem-1913	71	5	the	the	DET
fbem-1913	71	6	following	follow	VERB
fbem-1913	71	7	suggestions	suggestion	NOUN
fbem-1913	71	8	are	be	AUX
fbem-1913	71	9	put	put	VERB
fbem-1913	71	10	forward	forward	ADV
fbem-1913	71	11	:	:	PUNCT
fbem-1913	71	12	first	first	ADV
fbem-1913	71	13	,	,	PUNCT
fbem-1913	71	14	the	the	DET
fbem-1913	71	15	central	central	ADJ
fbem-1913	71	16	bank	bank	NOUN
fbem-1913	71	17	should	should	AUX
fbem-1913	71	18	appropriately	appropriately	ADV
fbem-1913	71	19	intervene	intervene	VERB
fbem-1913	71	20	in	in	ADP
fbem-1913	71	21	the	the	DET
fbem-1913	71	22	inflow	inflow	NOUN
fbem-1913	71	23	of	of	ADP
fbem-1913	71	24	overseas	overseas	ADJ
fbem-1913	71	25	capital	capital	NOUN
fbem-1913	71	26	.	.	PUNCT
fbem-1913	72	1	before	before	SCONJ
fbem-1913	72	2	china	china	PROPN
fbem-1913	72	3	has	have	AUX
fbem-1913	72	4	established	establish	VERB
fbem-1913	72	5	a	a	DET
fbem-1913	72	6	financial	financial	ADJ
fbem-1913	72	7	system	system	NOUN
fbem-1913	72	8	that	that	PRON
fbem-1913	72	9	can	can	AUX
fbem-1913	72	10	withstand	withstand	VERB
fbem-1913	72	11	external	external	ADJ
fbem-1913	72	12	shocks	shock	NOUN
fbem-1913	72	13	,	,	PUNCT
fbem-1913	72	14	intervention	intervention	NOUN
fbem-1913	72	15	in	in	ADP
fbem-1913	72	16	the	the	DET
fbem-1913	72	17	foreign	foreign	ADJ
fbem-1913	72	18	exchange	exchange	NOUN
fbem-1913	72	19	market	market	NOUN
fbem-1913	72	20	can	can	AUX
fbem-1913	72	21	increase	increase	VERB
fbem-1913	72	22	the	the	DET
fbem-1913	72	23	speculative	speculative	ADJ
fbem-1913	72	24	cost	cost	NOUN
fbem-1913	72	25	of	of	ADP
fbem-1913	72	26	international	international	ADJ
fbem-1913	72	27	hot	hot	ADJ
fbem-1913	72	28	money	money	NOUN
fbem-1913	72	29	,	,	PUNCT
fbem-1913	72	30	thereby	thereby	ADV
fbem-1913	72	31	reducing	reduce	VERB
fbem-1913	72	32	the	the	DET
fbem-1913	72	33	impact	impact	NOUN
fbem-1913	72	34	on	on	ADP
fbem-1913	72	35	the	the	DET
fbem-1913	72	36	domestic	domestic	ADJ
fbem-1913	72	37	capital	capital	NOUN
fbem-1913	72	38	market[8	market[8	NUM
fbem-1913	72	39	]	]	PUNCT
fbem-1913	72	40	.	.	PUNCT
fbem-1913	73	1	maintaining	maintain	VERB
fbem-1913	73	2	the	the	DET
fbem-1913	73	3	relative	relative	ADJ
fbem-1913	73	4	stability	stability	NOUN
fbem-1913	73	5	of	of	ADP
fbem-1913	73	6	the	the	DET
fbem-1913	73	7	exchange	exchange	NOUN
fbem-1913	73	8	rate	rate	NOUN
fbem-1913	73	9	market	market	NOUN
fbem-1913	73	10	can	can	AUX
fbem-1913	73	11	reduce	reduce	VERB
fbem-1913	73	12	asset	asset	NOUN
fbem-1913	73	13	price	price	NOUN
fbem-1913	73	14	bubbles	bubble	NOUN
fbem-1913	73	15	and	and	CCONJ
fbem-1913	73	16	play	play	VERB
fbem-1913	73	17	an	an	DET
fbem-1913	73	18	important	important	ADJ
fbem-1913	73	19	role	role	NOUN
fbem-1913	73	20	in	in	ADP
fbem-1913	73	21	promoting	promote	VERB
fbem-1913	73	22	a	a	DET
fbem-1913	73	23	country	country	NOUN
fbem-1913	73	24	's	's	PART
fbem-1913	73	25	stock	stock	NOUN
fbem-1913	73	26	market	market	NOUN
fbem-1913	73	27	and	and	CCONJ
fbem-1913	73	28	even	even	ADV
fbem-1913	73	29	the	the	DET
fbem-1913	73	30	entire	entire	ADJ
fbem-1913	73	31	financial	financial	ADJ
fbem-1913	73	32	market	market	NOUN
fbem-1913	73	33	.	.	PUNCT
fbem-1913	74	1	second	second	ADJ
fbem-1913	74	2	,	,	PUNCT
fbem-1913	74	3	for	for	ADP
fbem-1913	74	4	investors	investor	NOUN
fbem-1913	74	5	and	and	CCONJ
fbem-1913	74	6	listed	list	VERB
fbem-1913	74	7	companies	company	NOUN
fbem-1913	74	8	,	,	PUNCT
fbem-1913	74	9	they	they	PRON
fbem-1913	74	10	can	can	AUX
fbem-1913	74	11	hedge	hedge	VERB
fbem-1913	74	12	in	in	ADP
fbem-1913	74	13	the	the	DET
fbem-1913	74	14	futures	future	NOUN
fbem-1913	74	15	market	market	NOUN
fbem-1913	74	16	to	to	PART
fbem-1913	74	17	reduce	reduce	VERB
fbem-1913	74	18	the	the	DET
fbem-1913	74	19	impact	impact	NOUN
fbem-1913	74	20	of	of	ADP
fbem-1913	74	21	exchange	exchange	NOUN
fbem-1913	74	22	rate	rate	NOUN
fbem-1913	74	23	fluctuations	fluctuation	NOUN
fbem-1913	74	24	on	on	ADP
fbem-1913	74	25	stock	stock	NOUN
fbem-1913	74	26	prices	price	NOUN
fbem-1913	74	27	,	,	PUNCT
fbem-1913	74	28	thereby	thereby	ADV
fbem-1913	74	29	effectively	effectively	ADV
fbem-1913	74	30	reducing	reduce	VERB
fbem-1913	74	31	the	the	DET
fbem-1913	74	32	economic	economic	ADJ
fbem-1913	74	33	losses	loss	NOUN
fbem-1913	74	34	caused	cause	VERB
fbem-1913	74	35	by	by	ADP
fbem-1913	74	36	sharp	sharp	ADJ
fbem-1913	74	37	declines	decline	NOUN
fbem-1913	74	38	in	in	ADP
fbem-1913	74	39	stock	stock	NOUN
fbem-1913	74	40	prices	price	NOUN
fbem-1913	74	41	.	.	PUNCT
fbem-1913	75	1	for	for	ADP
fbem-1913	75	2	example	example	NOUN
fbem-1913	75	3	,	,	PUNCT
fbem-1913	75	4	in	in	ADP
fbem-1913	75	5	anticipation	anticipation	NOUN
fbem-1913	75	6	of	of	ADP
fbem-1913	75	7	the	the	DET
fbem-1913	75	8	expected	expect	VERB
fbem-1913	75	9	decline	decline	NOUN
fbem-1913	75	10	in	in	ADP
fbem-1913	75	11	the	the	DET
fbem-1913	75	12	future	future	NOUN
fbem-1913	75	13	,	,	PUNCT
fbem-1913	75	14	investors	investor	NOUN
fbem-1913	75	15	can	can	AUX
fbem-1913	75	16	establish	establish	VERB
fbem-1913	75	17	a	a	DET
fbem-1913	75	18	short	short	ADJ
fbem-1913	75	19	position	position	NOUN
fbem-1913	75	20	in	in	ADP
fbem-1913	75	21	the	the	DET
fbem-1913	75	22	futures	future	NOUN
fbem-1913	75	23	market	market	NOUN
fbem-1913	75	24	,	,	PUNCT
fbem-1913	75	25	and	and	CCONJ
fbem-1913	75	26	after	after	ADP
fbem-1913	75	27	receiving	receive	VERB
fbem-1913	75	28	foreign	foreign	ADJ
fbem-1913	75	29	exchange	exchange	NOUN
fbem-1913	75	30	to	to	PART
fbem-1913	75	31	sell	sell	VERB
fbem-1913	75	32	in	in	ADP
fbem-1913	75	33	the	the	DET
fbem-1913	75	34	spot	spot	NOUN
fbem-1913	75	35	market	market	NOUN
fbem-1913	75	36	in	in	ADP
fbem-1913	75	37	the	the	DET
fbem-1913	75	38	future	future	NOUN
fbem-1913	75	39	,	,	PUNCT
fbem-1913	75	40	they	they	PRON
fbem-1913	75	41	can	can	AUX
fbem-1913	75	42	offset	offset	VERB
fbem-1913	75	43	the	the	DET
fbem-1913	75	44	original	original	ADJ
fbem-1913	75	45	futures	future	NOUN
fbem-1913	75	46	short	short	ADJ
fbem-1913	75	47	position	position	NOUN
fbem-1913	75	48	to	to	PART
fbem-1913	75	49	achieve	achieve	VERB
fbem-1913	75	50	the	the	DET
fbem-1913	75	51	purpose	purpose	NOUN
fbem-1913	75	52	of	of	ADP
fbem-1913	75	53	hedging	hedging	NOUN
fbem-1913	75	54	.	.	PUNCT
fbem-1913	76	1	third	third	ADJ
fbem-1913	76	2	,	,	PUNCT
fbem-1913	76	3	relevant	relevant	ADJ
fbem-1913	76	4	departments	department	NOUN
fbem-1913	76	5	strengthen	strengthen	VERB
fbem-1913	76	6	the	the	DET
fbem-1913	76	7	supervision	supervision	NOUN
fbem-1913	76	8	of	of	ADP
fbem-1913	76	9	the	the	DET
fbem-1913	76	10	securities	security	NOUN
fbem-1913	76	11	market	market	NOUN
fbem-1913	76	12	.	.	PUNCT
fbem-1913	77	1	at	at	ADP
fbem-1913	77	2	present	present	ADJ
fbem-1913	77	3	,	,	PUNCT
fbem-1913	77	4	my	my	PRON
fbem-1913	77	5	country	country	NOUN
fbem-1913	77	6	's	's	PART
fbem-1913	77	7	stock	stock	NOUN
fbem-1913	77	8	market	market	NOUN
fbem-1913	77	9	supervision	supervision	NOUN
fbem-1913	77	10	is	be	AUX
fbem-1913	77	11	not	not	PART
fbem-1913	77	12	perfect	perfect	ADJ
fbem-1913	77	13	.	.	PUNCT
fbem-1913	78	1	a	a	DET
fbem-1913	78	2	reasonable	reasonable	ADJ
fbem-1913	78	3	and	and	CCONJ
fbem-1913	78	4	effective	effective	ADJ
fbem-1913	78	5	supervision	supervision	NOUN
fbem-1913	78	6	system	system	NOUN
fbem-1913	78	7	can	can	AUX
fbem-1913	78	8	promote	promote	VERB
fbem-1913	78	9	the	the	DET
fbem-1913	78	10	active	active	ADJ
fbem-1913	78	11	and	and	CCONJ
fbem-1913	78	12	healthy	healthy	ADJ
fbem-1913	78	13	development	development	NOUN
fbem-1913	78	14	of	of	ADP
fbem-1913	78	15	the	the	DET
fbem-1913	78	16	stock	stock	NOUN
fbem-1913	78	17	market	market	NOUN
fbem-1913	78	18	and	and	CCONJ
fbem-1913	78	19	reduce	reduce	VERB
fbem-1913	78	20	the	the	DET
fbem-1913	78	21	impact	impact	NOUN
fbem-1913	78	22	of	of	ADP
fbem-1913	78	23	exchange	exchange	NOUN
fbem-1913	78	24	rate	rate	NOUN
fbem-1913	78	25	fluctuations	fluctuation	NOUN
fbem-1913	78	26	.	.	PUNCT
fbem-1913	79	1	references	reference	NOUN
fbem-1913	79	2	[	[	X
fbem-1913	79	3	1	1	NUM
fbem-1913	79	4	]	]	X
fbem-1913	79	5	zhao	zhao	NOUN
fbem-1913	79	6	fanzhen	fanzhen	NOUN
fbem-1913	79	7	,	,	PUNCT
fbem-1913	79	8	zhang	zhang	PROPN
fbem-1913	79	9	ting	ting	PROPN
fbem-1913	79	10	(	(	PUNCT
fbem-1913	79	11	2021	2021	NUM
fbem-1913	79	12	)	)	PUNCT
fbem-1913	79	13	.	.	PUNCT
fbem-1913	80	1	the	the	DET
fbem-1913	80	2	impact	impact	NOUN
fbem-1913	80	3	of	of	ADP
fbem-1913	80	4	exchange	exchange	NOUN
fbem-1913	80	5	rates	rate	NOUN
fbem-1913	80	6	on	on	ADP
fbem-1913	80	7	my	my	PRON
fbem-1913	80	8	country	country	NOUN
fbem-1913	80	9	's	's	PART
fbem-1913	80	10	stock	stock	NOUN
fbem-1913	80	11	market	market	NOUN
fbem-1913	80	12	from	from	ADP
fbem-1913	80	13	an	an	DET
fbem-1913	80	14	international	international	ADJ
fbem-1913	80	15	perspective	perspective	NOUN
fbem-1913	80	16	:	:	PUNCT
fbem-1913	80	17	an	an	DET
fbem-1913	80	18	empirical	empirical	ADJ
fbem-1913	80	19	study	study	NOUN
fbem-1913	80	20	based	base	VERB
fbem-1913	80	21	on	on	ADP
fbem-1913	80	22	quadratic	quadratic	ADJ
fbem-1913	80	23	regression	regression	NOUN
fbem-1913	80	24	and	and	CCONJ
fbem-1913	80	25	robust	robust	ADJ
fbem-1913	80	26	regression	regression	NOUN
fbem-1913	80	27	.	.	PUNCT
fbem-1913	81	1	economic	economic	ADJ
fbem-1913	81	2	research	research	NOUN
fbem-1913	81	3	guide	guide	NOUN
fbem-1913	81	4	,	,	PUNCT
fbem-1913	81	5	9	9	NUM
fbem-1913	81	6	:	:	SYM
fbem-1913	81	7	72	72	NUM
fbem-1913	81	8	-	-	SYM
fbem-1913	81	9	74	74	NUM
fbem-1913	81	10	.	.	PUNCT
fbem-1913	82	1	[	[	X
fbem-1913	82	2	2	2	NUM
fbem-1913	82	3	]	]	PUNCT
fbem-1913	82	4	song	song	NOUN
fbem-1913	82	5	ruichao	ruichao	PROPN
fbem-1913	82	6	,	,	PUNCT
fbem-1913	82	7	sun	sun	PROPN
fbem-1913	82	8	tao	tao	PROPN
fbem-1913	82	9	(	(	PUNCT
fbem-1913	82	10	2020	2020	NUM
fbem-1913	82	11	)	)	PUNCT
fbem-1913	82	12	.	.	PUNCT
fbem-1913	83	1	empirical	empirical	ADJ
fbem-1913	83	2	study	study	NOUN
fbem-1913	83	3	on	on	ADP
fbem-1913	83	4	the	the	DET
fbem-1913	83	5	correlation	correlation	NOUN
fbem-1913	83	6	between	between	ADP
fbem-1913	83	7	chinese	chinese	ADJ
fbem-1913	83	8	stock	stock	NOUN
fbem-1913	83	9	market	market	NOUN
fbem-1913	83	10	and	and	CCONJ
fbem-1913	83	11	rmb	rmb	PROPN
fbem-1913	83	12	exchange	exchange	NOUN
fbem-1913	83	13	rate	rate	NOUN
fbem-1913	83	14	.	.	PUNCT
fbem-1913	84	1	china	china	PROPN
fbem-1913	84	2	price	price	PROPN
fbem-1913	84	3	,	,	PUNCT
fbem-1913	84	4	1	1	NUM
fbem-1913	84	5	:	:	SYM
fbem-1913	84	6	72	72	NUM
fbem-1913	84	7	-	-	SYM
fbem-1913	84	8	75	75	NUM
fbem-1913	84	9	.	.	PUNCT
fbem-1913	85	1	[	[	X
fbem-1913	85	2	3	3	X
fbem-1913	85	3	]	]	X
fbem-1913	85	4	feng	feng	PROPN
fbem-1913	85	5	jian	jian	PROPN
fbem-1913	85	6	(	(	PUNCT
fbem-1913	85	7	2017	2017	NUM
fbem-1913	85	8	)	)	PUNCT
fbem-1913	85	9	.	.	PUNCT
fbem-1913	86	1	an	an	DET
fbem-1913	86	2	empirical	empirical	ADJ
fbem-1913	86	3	study	study	NOUN
fbem-1913	86	4	on	on	ADP
fbem-1913	86	5	the	the	DET
fbem-1913	86	6	impact	impact	NOUN
fbem-1913	86	7	of	of	ADP
fbem-1913	86	8	exchange	exchange	NOUN
fbem-1913	86	9	rate	rate	NOUN
fbem-1913	86	10	fluctuations	fluctuation	NOUN
fbem-1913	86	11	on	on	ADP
fbem-1913	86	12	stock	stock	NOUN
fbem-1913	86	13	market	market	NOUN
fbem-1913	86	14	fluctuations	fluctuation	NOUN
fbem-1913	86	15	.	.	PUNCT
fbem-1913	87	1	economic	economic	ADJ
fbem-1913	87	2	and	and	CCONJ
fbem-1913	87	3	trade	trade	NOUN
fbem-1913	87	4	practice	practice	NOUN
fbem-1913	87	5	,	,	PUNCT
fbem-1913	87	6	16	16	NUM
fbem-1913	87	7	:	:	SYM
fbem-1913	87	8	65	65	NUM
fbem-1913	87	9	-	-	SYM
fbem-1913	87	10	67	67	NUM
fbem-1913	87	11	.	.	PUNCT
fbem-1913	88	1	[	[	X
fbem-1913	88	2	4	4	NUM
fbem-1913	88	3	]	]	PUNCT
fbem-1913	88	4	zhu	zhu	PROPN
fbem-1913	88	5	linfei	linfei	NOUN
fbem-1913	88	6	(	(	PUNCT
fbem-1913	88	7	2015	2015	NUM
fbem-1913	88	8	)	)	PUNCT
fbem-1913	88	9	.	.	PUNCT
fbem-1913	89	1	research	research	NOUN
fbem-1913	89	2	on	on	ADP
fbem-1913	89	3	the	the	DET
fbem-1913	89	4	relationship	relationship	NOUN
fbem-1913	89	5	between	between	ADP
fbem-1913	89	6	exchange	exchange	NOUN
fbem-1913	89	7	rates	rate	NOUN
fbem-1913	89	8	and	and	CCONJ
fbem-1913	89	9	china	china	PROPN
fbem-1913	89	10	's	's	PART
fbem-1913	89	11	stock	stock	NOUN
fbem-1913	89	12	market	market	NOUN
fbem-1913	89	13	fluctuations	fluctuation	NOUN
fbem-1913	89	14	—	—	PUNCT
fbem-1913	89	15	—	—	PUNCT
fbem-1913	89	16	based	base	VERB
fbem-1913	89	17	on	on	ADP
fbem-1913	89	18	the	the	DET
fbem-1913	89	19	exchange	exchange	NOUN
fbem-1913	89	20	rate	rate	NOUN
fbem-1913	89	21	of	of	ADP
fbem-1913	89	22	rmb	rmb	NOUN
fbem-1913	89	23	against	against	ADP
fbem-1913	89	24	the	the	DET
fbem-1913	89	25	u.s	u.s	PROPN
fbem-1913	89	26	.	.	PROPN
fbem-1913	89	27	dollar	dollar	NOUN
fbem-1913	89	28	and	and	CCONJ
fbem-1913	89	29	the	the	DET
fbem-1913	89	30	shanghai	shanghai	PROPN
fbem-1913	89	31	stock	stock	PROPN
fbem-1913	89	32	exchange	exchange	PROPN
fbem-1913	89	33	a	a	DET
fbem-1913	89	34	-	-	PUNCT
fbem-1913	89	35	share	share	NOUN
fbem-1913	89	36	index	index	NOUN
fbem-1913	89	37	.	.	PUNCT
fbem-1913	90	1	market	market	NOUN
fbem-1913	90	2	modernization	modernization	NOUN
fbem-1913	90	3	,	,	PUNCT
fbem-1913	90	4	18	18	NUM
fbem-1913	90	5	:	:	SYM
fbem-1913	90	6	140	140	NUM
fbem-1913	90	7	-	-	SYM
fbem-1913	90	8	142	142	NUM
fbem-1913	90	9	.	.	PUNCT
fbem-1913	91	1	[	[	X
fbem-1913	91	2	5	5	X
fbem-1913	91	3	]	]	X
fbem-1913	91	4	liu	liu	PROPN
fbem-1913	91	5	yang	yang	PROPN
fbem-1913	91	6	,	,	PUNCT
fbem-1913	91	7	yang	yang	PROPN
fbem-1913	91	8	kaiwei	kaiwei	PROPN
fbem-1913	91	9	(	(	PUNCT
fbem-1913	91	10	2012	2012	NUM
fbem-1913	91	11	)	)	PUNCT
fbem-1913	91	12	.	.	PUNCT
fbem-1913	92	1	dynamic	dynamic	ADJ
fbem-1913	92	2	relationship	relationship	NOUN
fbem-1913	92	3	test	test	NOUN
fbem-1913	92	4	between	between	ADP
fbem-1913	92	5	stock	stock	NOUN
fbem-1913	92	6	price	price	NOUN
fbem-1913	92	7	and	and	CCONJ
fbem-1913	92	8	exchange	exchange	NOUN
fbem-1913	92	9	rate	rate	NOUN
fbem-1913	92	10	—	—	PUNCT
fbem-1913	92	11	—	—	PUNCT
fbem-1913	92	12	based	base	VERB
fbem-1913	92	13	on	on	ADP
fbem-1913	92	14	the	the	DET
fbem-1913	92	15	empirical	empirical	ADJ
fbem-1913	92	16	test	test	NOUN
fbem-1913	92	17	of	of	ADP
fbem-1913	92	18	chinese	chinese	ADJ
fbem-1913	92	19	stock	stock	NOUN
fbem-1913	92	20	market	market	NOUN
fbem-1913	92	21	.	.	PUNCT
fbem-1913	93	1	times	times	PROPN
fbem-1913	93	2	finance	finance	PROPN
fbem-1913	93	3	,	,	PUNCT
fbem-1913	93	4	33	33	NUM
fbem-1913	93	5	:	:	SYM
fbem-1913	93	6	209	209	NUM
fbem-1913	93	7	.	.	PUNCT
fbem-1913	94	1	[	[	X
fbem-1913	94	2	6	6	NUM
fbem-1913	94	3	]	]	SYM
fbem-1913	94	4	dong	dong	PROPN
fbem-1913	94	5	xiawen	xiawen	PROPN
fbem-1913	94	6	(	(	PUNCT
fbem-1913	94	7	2011	2011	NUM
fbem-1913	94	8	)	)	PUNCT
fbem-1913	94	9	.	.	PUNCT
fbem-1913	95	1	the	the	DET
fbem-1913	95	2	impact	impact	NOUN
fbem-1913	95	3	of	of	ADP
fbem-1913	95	4	exchange	exchange	NOUN
fbem-1913	95	5	rate	rate	NOUN
fbem-1913	95	6	changes	change	NOUN
fbem-1913	95	7	on	on	ADP
fbem-1913	95	8	china	china	PROPN
fbem-1913	95	9	's	's	PART
fbem-1913	95	10	a	a	DET
fbem-1913	95	11	-	-	PUNCT
fbem-1913	95	12	share	share	NOUN
fbem-1913	95	13	market	market	NOUN
fbem-1913	95	14	share	share	NOUN
fbem-1913	95	15	prices	price	NOUN
fbem-1913	95	16	.	.	PUNCT
fbem-1913	96	1	economic	economic	ADJ
fbem-1913	96	2	perspective	perspective	NOUN
fbem-1913	96	3	(	(	PUNCT
fbem-1913	96	4	mid	mid	ADJ
fbem-1913	96	5	)	)	PUNCT
fbem-1913	96	6	,	,	PUNCT
fbem-1913	96	7	6	6	NUM
fbem-1913	96	8	:	:	SYM
fbem-1913	96	9	136	136	NUM
fbem-1913	96	10	.	.	PUNCT
fbem-1913	97	1	[	[	X
fbem-1913	97	2	7	7	X
fbem-1913	97	3	]	]	X
fbem-1913	97	4	zhang	zhang	PROPN
fbem-1913	97	5	min	min	PROPN
fbem-1913	97	6	(	(	PUNCT
fbem-1913	97	7	2021	2021	NUM
fbem-1913	97	8	)	)	PUNCT
fbem-1913	97	9	.	.	PUNCT
fbem-1913	98	1	the	the	DET
fbem-1913	98	2	impact	impact	NOUN
fbem-1913	98	3	of	of	ADP
fbem-1913	98	4	rmb	rmb	PROPN
fbem-1913	98	5	exchange	exchange	NOUN
fbem-1913	98	6	rate	rate	NOUN
fbem-1913	98	7	on	on	ADP
fbem-1913	98	8	the	the	DET
fbem-1913	98	9	stock	stock	NOUN
fbem-1913	98	10	prices	price	NOUN
fbem-1913	98	11	of	of	ADP
fbem-1913	98	12	listed	list	VERB
fbem-1913	98	13	foreign	foreign	ADJ
fbem-1913	98	14	trade	trade	NOUN
fbem-1913	98	15	companies	company	NOUN
fbem-1913	98	16	under	under	ADP
fbem-1913	98	17	the	the	DET
fbem-1913	98	18	global	global	ADJ
fbem-1913	98	19	change	change	NOUN
fbem-1913	98	20	.	.	PUNCT
fbem-1913	99	1	national	national	ADJ
fbem-1913	99	2	circulation	circulation	NOUN
fbem-1913	99	3	economy	economy	NOUN
fbem-1913	99	4	,	,	PUNCT
fbem-1913	99	5	5	5	NUM
fbem-1913	99	6	:	:	SYM
fbem-1913	99	7	141	141	NUM
fbem-1913	99	8	-	-	SYM
fbem-1913	99	9	143	143	NUM
fbem-1913	99	10	.	.	PUNCT
fbem-1913	100	1	[	[	X
fbem-1913	100	2	8	8	NUM
fbem-1913	100	3	]	]	X
fbem-1913	100	4	tu	tu	PROPN
fbem-1913	100	5	niansong	niansong	PROPN
fbem-1913	100	6	,	,	PUNCT
fbem-1913	100	7	wang	wang	PROPN
fbem-1913	100	8	hao	hao	PROPN
fbem-1913	100	9	(	(	PUNCT
fbem-1913	100	10	2017	2017	NUM
fbem-1913	100	11	)	)	PUNCT
fbem-1913	100	12	.	.	PUNCT
fbem-1913	101	1	the	the	DET
fbem-1913	101	2	impact	impact	NOUN
fbem-1913	101	3	of	of	ADP
fbem-1913	101	4	exchange	exchange	NOUN
fbem-1913	101	5	rate	rate	NOUN
fbem-1913	101	6	fluctuations	fluctuation	NOUN
fbem-1913	101	7	on	on	ADP
fbem-1913	101	8	the	the	DET
fbem-1913	101	9	conversion	conversion	NOUN
fbem-1913	101	10	of	of	ADP
fbem-1913	101	11	stock	stock	NOUN
fbem-1913	101	12	price	price	NOUN
fbem-1913	101	13	regimes	regime	NOUN
fbem-1913	101	14	—	—	PUNCT
fbem-1913	101	15	—	—	PUNCT
fbem-1913	101	16	analysis	analysis	NOUN
fbem-1913	101	17	based	base	VERB
fbem-1913	101	18	on	on	ADP
fbem-1913	101	19	the	the	DET
fbem-1913	101	20	lstr	lstr	PROPN
fbem-1913	101	21	model	model	NOUN
fbem-1913	101	22	.	.	PUNCT
fbem-1913	102	1	financial	financial	PROPN
fbem-1913	102	2	forum	forum	PROPN
fbem-1913	102	3	,	,	PUNCT
fbem-1913	102	4	22	22	NUM
fbem-1913	102	5	:	:	SYM
fbem-1913	102	6	6271	6271	NUM
fbem-1913	102	7	.	.	PUNCT