摘要
选取2005年～2010年间12个国家或地区股票指数为样本,在实证研究的基础上对金融危机前后股指间的关联特征进行对比讨论。研究结果表明:金融危机后,美国的股票市场在很大程度上受到其他国家的影响,欧洲国家股票市场与其它国家的联系变得紧密;一些新兴的经济体对世界股市的影响逐渐增强;中国一直处于被影响的边缘。
This paper, by taking stock indexes of 12 countries and regions from 2005 to 2010 as samples, discusses the interrelated eharaeteristies around the global financial crisis. The finding shows that：After the crisis, the U.S. stock indexes, to much extent, are sensitive to other countries＂ stock indexes; The links of stock index between European countries and other countries have become closer; The impact of some emerging countries on international stock market is growing stronger;China is on the edge of being influenced as well.
出处
《当代经济管理》
2011年第10期92-97,共6页
Contemporary Economic Management
关键词
全球股指
平稳性分析
格兰杰因果检验
global stock index
stability analysis
Granger Causality Test
