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中美棉花期货市场功能比较分析 被引量:1

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摘要 笔者利用共聚合法、误差修正模型、格兰杰因果检验、方差分解和脉冲响应函数以及基差分析、套期保值效果值、成交量、交割率等方法,对中美棉花期货市场发现价格功能和回避风险功能发挥程度进行了比较分析。结果表明:中国棉花期货市场发现价格功能发挥情况相对于美国更好一些,而美国棉花期货市场回避风险功能发挥情况要好于中国。
出处 《价格月刊》 北大核心 2008年第4期67-70,共4页
基金 国家自然科学基金项目(批准号:7047-3088)的部分成果
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