利率變動(dòng)對(duì)國(guó)內(nèi)證券市場(chǎng)影響的實(shí)證分析——兼論利率國(guó)際化條件下的資本市場(chǎng)開(kāi)放.pdf

1、東南大學(xué)碩士學(xué)位論文利率變動(dòng)對(duì)國(guó)內(nèi)證券市場(chǎng)影響的實(shí)證分析——兼論利率國(guó)際化條件下的資本市場(chǎng)開(kāi)放姓名：劉景申請(qǐng)學(xué)位級(jí)別：碩士專(zhuān)業(yè)：國(guó)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=