摘要
本文以中国大连商品交易所数据为例,分析了中国期货市场与国际期货市场的接轨程度和关联度,表明中国期货市场已基本具备市场的有效性,并形成了价格自我约束机制。最后,给出了模型结果的政策启示与几点建议。
In this article, author discusses the degree of association between China's commodity futures market and its international counterparts. Author establishes a co - integration relationship between the volume - series and open interest in food commodity futures market, using logarithm. The study suggests that there is a co - integration relation between the soybean futures price logarithm recorded in the Dalian market and the soybean spot price logarithm in the Heilongjiang market. This finding proves that China' s commodity futures markets have worked soundly. The study provides constructive ideas and poli cy proposals for the further development of China's commodity futures markets.
出处
《中国软科学》
CSSCI
北大核心
2004年第5期34-40,共7页
China Soft Science
基金
国家社科基金项目"复杂数据的统计诊断方法及其应用"(批准号:02BTJ002)的研究成果之一
