|
|||||
|
|
| 资本渐进开放下我国与国际利率的联动分析——基于中国和美国的比较 | |
| 引用本文： | 杜甲,康芮. 资本渐进开放下我国与国际利率的联动分析——基于中国和美国的比较[J]. 产业经济研究, 2007, 0(6): 15-22 |
| 作者姓名： | 杜甲 康芮 |
| 作者单位： | 1. 南京财经大学金融学院,江苏,南京,210046 2. 交通银行,深圳上步支行,深圳,518000 |
| 摘 要： | 一般来说,利率在国家间的传导主要有两条渠道:国际贸易间的传导和资本自由流动下的利率平价机制。本文采取分阶段考察,通过建立计量经济学模型,利用单位根检验和协整分析加以验证,发现在资本项目部分开放后,中美利率开始具有联动效应,作用方式又具有自身的特点。目前资本项目开放度不够高是阻碍我国同世界利率联动的主要原因。 |
| 关 键 词： | 利率联动 协整分析 利率平价 |
| 文章编号： | 1671-9301(2007)06-0015-08 |
| 修稿时间： | 2007-06-18 |
Research on the Linkage of Interest Rates between China and Abroad under the Steady Opening of Capital——Based on the Comparison between China and America |
|
| DU Jia,KANG Rui. Research on the Linkage of Interest Rates between China and Abroad under the Steady Opening of Capital——Based on the Comparison between China and America[J]. Industrial Economics Research, 2007, 0(6): 15-22 | |
| Authors: | DU Jia KANG Rui |
| Abstract: | This article proves the linkage of interest rates between China and the USA by means of ADF Test and Cointegration Analysis.According to the two-stage studying,we find the two counterparts have a linkage after the opening of capital account through two transmission channels:international trade and the interest rate parity system under the free flow of international capital.The significant reason of the obstacle lies in the low level of the opening of the capital. |
| Keywords: | the linkage of interest rates Cointegration Analysis interest rate parity |
| 本文献已被 维普 万方数据 等数据库收录！ | |