蔡向辉;杨嘉文;

• 1:复旦大学

摘要(Abstract)：

以全球多个市场作为实证检验对象,从股市波动率变化、系统风险变化以及股市正反馈交易行为影响三个角度,分析股指期货市场稳定作用的含义,即对股市波动的影响及其作用表现,较为全面地解读股指期货的市场稳定作用。研究发现:三个角度都支持股指期货的市场稳定作用;而抑制正反馈交易的作用最为基础、直接和显著,是股指期货市场稳定作用的更为恰当的判断标准。

关键词(KeyWords)： 股指期货;波动;系统性风险;正反馈交易

Abstract:

Keywords:

基金项目(Foundation):

作者(Authors): 蔡向辉;杨嘉文;

DOI: 10.19337/j.cnki.34-1093/f.2010.03.016

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