Hedging with Stock Index Futures Estimation and Forecasting with Error Correction Model 股指期货套期保值：误差修正模型的估计与预测.pdfVIP

Hedging with Stock Index Futures: Estimation and Forecasting with Error Correction Model Asim Ghosh INTRODUCTION ne of the significant innovations of the 1980sis the introduction of stock index 0futures contracts. Despite some controversy about index arbitrage and program trading that developed after the October stock market crash in 1987, these contracts are very successful and beneficial to stock portfolio managers. Institutio