Notice of RetractionThe measurement and analysis of currency mismatch risk at macro level

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The key issue of using VaR method to measure risk is the choice of models and distribution patterns, the effect of a single method is often unsatisfactory, based on this point, this paper analyses the VaR risk of currency mismatch with the combined measure of multiple models. The results show that: The VaR value of composite model is more reasonable and reliable than a single model; the risk of Chinese currency mismatches at this stage with debt-type characteristics is mainly because foreign currency assets grew faster than foreign currency liabilities; when there is a choice between currency appreciation and depreciation, currency appreciation is more favorable than depreciation to the weakening of the debt-based currency mismatch risk.