about on the stock market and bond market seesaw effect（在股票市场和债券市场跷跷板效应）.docVIP

About On the stock market and bond market seesaw effect Abstract: This paper on the stock market and bond market index daily closing price data on the number of data processing and the selected time period and the overall time is divided into six sub-phases, the basic amount of data description, then, the stock market index and Bond market index correlation test, and thus concluded that analysis of both the ‘seesaw’ effect. Keywords: stock market, bond market seesaw effect I. Introduction The stock market and bond market as the two most important capital market components, not only in the allocation of social resources, budget revenue and expenditure adjustment, monetary policy and macroeconomic regulation and control has played an important role, but also to alleviate the socio-economic in a period of excess monetary liquidity problems for idle funds to open up a new way, not only help to maintain the mobility of capital market itself, but also help stabilize the real economy in the smooth fluctuations in prices. Second, China’s stock market and bond market correlation Overview China’s stock markets and bond markets since the 1980s have been restored, after nearly 30 years of development and change, the system has been relatively well, increasingly rich varieties, market size continues to expand, but there are many problems to be solved, so the status quo for the capital markets studies help us to better identify problems, and even found that the law in order to better promote China’s capital market with a better, healthier and more stable development, Stock and bond markets on behalf of a country’s financial development and the country’s credit level, although both in the legal meaning of property rights vary in form, but they do not exist in isolation, but cross-referenced and mutually reinforcing From the perspective of the stock market, and only when its constant improvement and healthy development will attract new and more investors in