利率變動(dòng)對國內(nèi)證券市場影響的實(shí)證分析——兼論利率國際化條件下的資本市場開放.pdf

1、東南大學(xué)碩士學(xué)位論文利率變動(dòng)對國內(nèi)證券市場影響的實(shí)證分析——兼論利率國際化條件下的資本市場開放姓名：劉景申請學(xué)位級別：碩士專業(yè)：國際貿(mào)易指導(dǎo)教師：徐康寧2001.3.1、DemonstrationAnalysisoftheInfluenceonSecurityBusinessCausedbytheChangeofRate—OpeningoftheCapitalMarketinTermofInternationaIizationofRat

2、eABSTRACTTheeentralbankofchinahasreducedtherateforseventimessince1996AsthemaintoolofmonetarypolicyThisthesisusesthemethodofdemonstrationanaIysisanddiscusseswhethertheratecaninfluencethesecuritybusinesseffectivelyandcondu

3、ctthemonetarypolicytothecapitalmarketandthewholeeconomyaswellThethesisusesthreemethodstoanalyzeFirstisregressionanalysisRegardingthechangeofrateasindependentvariableandthechangeofindexofstockpriceasdependentvariableweana

4、lyzewhetherthereisanotablelinearfunctionrelationshipornon1inearfulnctionrelationshipbetweenthetwovariablesSecondiscorrelationanalysisWeanalyzewhetherthereisanotablerelationshipbetweenthetwovariablesThethirdmethodissingle

5、factorvarianceanalysisWeanalyzewhethertheinfluenceonsccuritybusinesscausedbythechangeofrateismorenotablethanotherfactorsTheresultofdemonstrationarialysisshowsthereisn’tanynotablerelationshipbetweenthetwovariablesTheinflu

6、enceonsecuritybusinesscausedbythechangeofrateisnomorenotablesthanotherfoctorsKeyWords：InterestRate、SecuritiesBusiness、MonetaryPolicy、theOpenofCapitalMarket、IndexofStockPrice4————————’T————————————————————————————————1|r=