摘要
随着全球经济一体化和金融自由化程度不断加深,国际股市间的联动性呈现出增强趋势。研究表明,相比印度股市,中国股市与世界各股市的联动性较小;中国与印度同作为新兴市场,所受区域因素影响更大,与亚洲新兴市场的联动要远大于国际发达股票市场;中国股票市场与世界各股票市场的联动性有逐渐增强趋势,尤其美国金融危机席卷全球以来,其动态相关系数明显增大。
With the deepening of global economic integration and financial liberalization, the linkage between international stock markets is enhanced. The result of the empirical analysis indicates that compared with Indian stock market, the linkage between Chinese stock market and other international stock markets are relatively little. Both Indian and Chinese stock markets are newly - emerging markets and are greatly influenced by regional factors. The linkage with other Asian new markets is stronger than that with international developed markets. The linkage between Chinese and international stock markets tends to become stronger. Especially after American financial crisis swept the world, the dynamic relevant coefficient is becoming obviously greater.
出处
《经济经纬》
CSSCI
北大核心
2010年第5期124-128,共5页
Economic Survey
基金
国家社科基金项目(09XJL013)
