摘要
本文选取期现比率作为衡量期货市场流动性的指标,对我国主要品种大豆、小麦和铜的期货市场流动性进行了实证分析,得出一些具有启发性的结论。
The article first summarizes the exiting research on futures markets liquidity, then gives a definition of the futures market liquidity. Based on it, it chooses yearly trade volume and futures/spot ratio as two variables to measure the futures market liquidity. After that, I make an empirical study on soybean, wheat and copper futures market liquidity, and draw some illuminate conclusions.
出处
《首都经济贸易大学学报》
2006年第3期83-87,共5页
Journal of Capital University of Economics and Business
关键词
期货市场
交易量
期现比率
futures market
trade volume
futures/spot ratio
