摘要
国外发达资本市场之间的联动性引起很多学者与投资者的关注,本文研究表明, 中国股市与美国股市的相关性很弱。从中美股市的相互影响方向来看,中国股市收盘对美国股市的开盘有影响,但是影响很弱。而美国股市收盘对中国股市的开盘几乎没有影响。
Many researchers have analyzed the co - movement phenomena between industrialized countries over time The paper finally concludes that the correlation between Chinese stock market and American＇ s is really very weak Chinese market has some influence to the American markets although it is very weak. But the reverse is not the case American market has little influence on Chinese market.
出处
《金融研究》
CSSCI
北大核心
2005年第11期117-129,共13页
Journal of Financial Research
关键词
联动性
市场传染
收益率
波动
Co-movement, market contagion, returns rate, volatility.
