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股票市场和银行信贷市场的风险转移与互动; On the Risk Transferring and Interaction between Stock Market and Bank Credit Market
郭晔 ; 郑旭伟
2011-05
关键词股票市场 银行信贷市场 风险转移与互动 stock market bank credit market risk transferring and interaction
英文摘要股票市场与银行信贷市场的风险转移与互动机制是整个金融体系防范风险的关键。鉴于此,基于对两市场风险转移与互动机制包含的三个阶段及其各自的表现形式所进行的实证分析,得出结论:中国股票市场与银行信贷市场之间因长期的资金关联已经存在密切的相关性,两市场在价与量上存在"因果"关系,同时两市场的短期波动亦存在动态关系。种种事实表明,风险转移与互动机制的第一阶段已经启动。The mechanism of risk transferring and interaction between stock market and bank credit market is the key to prevent risks in the whole financial system. In view of this point, this paper conducts an empirical analysis of the three stages of the mechanism of risk transferring and interaction between the two markets and the respective manifestation. The results indicate that there has already existed a close correlation between China’s stock market and bank credit market because of the long term fund relations; there is a cause-effect relationship between price and amount in both of the markets; and there is a dynamic relationship between the short-term fluctuations in the two markets as well. All the facts prove that the first stage of the mechanism of risk transferring and interaction has started.; 中央高校基本科研业务费项目(0140ZK1004);福建省社会科学规划青年项目(2006C005)
语种中文
出版者当代财经编辑部
内容类型期刊论文
源URL[http://dspace.xmu.edu.cn/handle/2288/14383]  
专题经济学院-已发表论文
推荐引用方式
GB/T 7714
郭晔,郑旭伟. 股票市场和银行信贷市场的风险转移与互动, On the Risk Transferring and Interaction between Stock Market and Bank Credit Market[J],2011.
APA 郭晔,&郑旭伟.(2011).股票市场和银行信贷市场的风险转移与互动..
MLA 郭晔,et al."股票市场和银行信贷市场的风险转移与互动".(2011).
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