摘要
Aiming at the feature of state treasury bonds price that it mainly depends on its interest rate and maturity date,this article studies the efficiency of bonds market from the reaction of its price to the cut\|down of interest rate by central bank with the event study method.And indicates that the current market is not a semi\|strong form of efficient market,although its efficiency is being improved continuously.
Aiming at the feature of state treasury bonds price that it mainly depends on its interest rate and maturity date,this article studies the efficiency of bonds market from the reaction of its price to the cut\|down of interest rate by central bank with the event study method.And indicates that the current market is not a semi\|strong form of efficient market,although its efficiency is being improved continuously.
出处
《统计研究》
CSSCI
北大核心
2000年第7期32-38,共7页
Statistical Research
