securities market
- securities market的基本解释
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证券市场
- 更多网络例句与securities market相关的网络例句 [注:此内容来源于网络,仅供参考]
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Comparisons between market performance under auction mechanisms and that under market maker mechanisms are made in terms of liquidity, stability, efficiency and transparency. The comparative results show that certain price formation mechanics integrated with specific market environment can affect market performance. The results of the test that is used to verify the liquidity of security market in China indicate that current price formation mechanics can provide the securities market with better liquidity. But the fixation of the minimum changing price lowers the liquidity of the market factitiously and close call auction mechanisms result in increased price fluctuation and price manipulation. Through the analysis on the competitive strategy of securities market, the objects and principles of the design of price formation mechanisms are established.
本文推导出了竞价机制和市商机制下证券市场的均衡价格,结果表明不同的价格形成机制对资产的真实价格有着不同的反映;从证券市场的流动性、稳定性、有效性和透明度等四个方面分别对竞价机制和做市商机制下的市场绩效进行了比较分析,结果表明一定的价格形成机制和特定的市场环境相结合就会对市场绩效产生不同的影响;通过对我国证券市场的流动性进行实证检验,发现当前我国证券市场价格形成机制能够为市场提供较好的流动性,但固定的最小变动价位人为地降低了市场流动性,并且封闭式的开盘集合竞价导致价格波动加大和市场操纵。
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The first chapter of the thesis topics background analysis, a comprehensive grasp of the relevant literature, in-depth study of the question for laid a solid foundation; Chapter II from the perspective of China"s securities market, in-depth study of the volatility in the securities markets; Chapter III from Marcovitz portfolio theory, the capital asset pricing model and the arbitrage pricing theory systematic comparison, in-depth study of the International Securities Market Association theoretical basis, and then focus on the quantitative study of China"s emerging stock markets and the relevance of the surrounding market; this chapter use GARCH model family, pulse function, VAR model, market-related parameters , a smooth test, cointegration test, Granger causality test methods measure the volatility in the securities markets and the correlation with the degree of peripheral markets; Chapter IV in the face of China"s securities market volatility and market linkages with neighboring under the influence of the Chinese securities market from the current state of development of expounding China"s Permit Certificates of inevitability of the international market, Chinas securities market and to avoid the risk of the corresponding policy recommendations.
第一章系统分析论文的选题背景,全面掌握了相关的文献,为深入研究本问题奠定了坚实的基础;第二章从我国股票市场自身角度出发,深入研究我国股票市场的波动特性;第三章从马科维茨资产组合理论出发,对资本资产定价模型和套利定价理论进行系统比较分析,深入探讨了国际股票市场关联的理论,随后着重定量研究了我国新兴股票市场与周边市场的关联性;本章使用市场相关参数、平稳性检验、协整检验、Granger因果检验等计量方法测度了我国股票市场波动及与周边市场的关联程度;第四章基于我国股票市场波动及与周边市场的关联影响,从我国股票市场目前发展状况出发,阐述了我国股票市场国际化的必然性,并为我国股票市场的风险规避提出了相应的政策建议。
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In the early period of China's securities market, margin trading and securities lending business already exists, but because of securities companies at the time of self-binding serious shortage of financial supervision and management abilities, margin trading and securities lending business has not carried out to achieve perfect price formation mechanism of the active market The purpose, it led to the stock market bubble, increased the financial system as a whole systemic risks.
在中国证券市场,保证金交易和证券借贷业务已经存在初期,但由于证券公司在时间自我约束力的金融监管和管理能力,保证金交易和证券借贷业务严重不足,没有进行到实现完美的价格形成机制,活跃市场的目的,这导致了股市泡沫,增加整体系统性风险的金融体系。
- 更多网络解释与securities market相关的网络解释 [注:此内容来源于网络,仅供参考]
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securities exchange:证券交易所 securities exchange 证券交易所
3387 1 securities company 证券公司 securities company 证券公司 | 3388 1 securities exchange 证券交易所 securities exchange 证券交易所 | 3389 1 securities market 证券市场 securities market 证券市场
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securities ratings:证券等级 securities ratings 证券等级
3389 1 securities market 证券市场 securities market 证券市场 | 3391 1 securities ratings 证券等级 securities ratings 证券等级 | 3392 1 securitization 证券化 securitization 证券化
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Securities Market Companies Annexing:证券市场 买壳上市
证券市场动力机制:dynamics of securities market | 证券市场 买壳上市:Securities Market Companies Annexing | 注册会计师证券民事责任:CPAs"civil liability in securities market