摘要
居民家庭金融资产配置效率指居民家庭配置不同种类金融产品的有效性,可以用某种金融资产的收益率与其标准差的比值来衡量。运用1992-2015年的24个样本,通过小样本最优预测模型及小样本格兰杰因果关系检验的方法,对我国居民家庭金融资产配置效率与金融市场发展的关联性进行实证分析。发现每种金融资产的配置效率与其所在金融市场的发展程度之间均存在着相互影响、互为因果的关联性关系。
The household＇s financial asset allocation efficiency can be calculated by the ratio that takes into account the yield rate and the standard deviation. Due to the limit data from 1992 to 2015, the paper uses finite sample analysis method to study the relation between the efficiency of household＇s financial portfolio and the development of financial market. It finds that there is a mutual influence between the efficiency of each kind of financial asset and the development of correspondent financial market.
出处
《亚太经济》
CSSCI
北大核心
2016年第5期35-41,共7页
Asia-Pacific Economic Review
关键词
居民家庭
金融资产
配置效率
金融市场
Household, Financial Asset, Allocation Efficiency, Financial Market
