摘要
中国权证市场在重新开始运行后得到了很大发展,但其运作中的过度投机也削弱了权证市场的意义,并对未来我国发展金融衍生产品的速度和成效产生影响。本文通过选取权证市场中富有代表性的三只权证,通过对权证的理论价格与市场价格之间的回归分析实证研究我国权证市场运行的效果,为后续政策及市场的发展提供理论参考。
Chinese warrants market has got much development after it regain run one years ago. However the gamble behavior on the market also impaired the significance of the warrants market. And moreover this kind of behavior must have affect on the development of our country’s financial derivative production market. This text selects three warrants which are representative in Chinese warrants market. And by regressive analysis the theoretical prices and market price of the warrants,we want to study the running effect of our country warrants market. The study can offer theoretical reference not only for latter police,but also for developing the market.
出处
《中南财经政法大学研究生学报》
2006年第4期34-40,共7页
Journal of the Postgraduate of Zhongnan University of Economics and Law
关键词
权证
运作效果
历史波动率
隐含波动率
Warrant
Running Effeet
Historical Variable
Implying Variable
