on chinas monetary policy on the impact of international commodity futures prices（中国的货币政策在国际商品期货价格的影响）.docVIP

On China’s monetary policy on the impact of international commodity futures prices Thesis network: Abstract: China’s economic development in recent decades to effectively promote the prosperity of the world’s commodity futures market, ‘China needs’ became a benchmark of investment in commodity futures markets, and have an important impact on monetary policy also has become the number Investors concerned about the topic of the article first analyzes China’s monetary policy to international commodity futures index guide. Granger causality test found that Chinese monetary policy to international commodity futures index guiding role is significant, especially for the metals price index guide was more effective then using analysis of variance analysis of the different monetary policy means lower capital gains significant difference was found using the information of China’s monetary policy is better than the use of commodity futures configuration information about U.S. monetary policy. Keywords: monetary policy, commodity futures, analysis of variance I. Introduction As a modern commodity futures portfolio is an important part, because of its excellent ability to spread risk, has become the object of investor favor, however, due to fluctuations in commodity futures prices tend to be more intense, pure investment in commodity futures, long-term risks appear to do more than large end, actively managed commodity futures as an inevitable choice for asset allocation, however, to have a good investment strategy requires investors to future changes in return on assets have a good grasp so that capture the impact of changes in commodity futures returns factors become the key to good and bad investment in recent years, rapid economic growth, China on the world commodity markets had a great influence. ‘China needs’ became an international element of speculation in commodity futures markets. So, the ‘ China needs ‘to have an important impact on monetary policy also has