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现行涨跌幅制度对价格波动影响的实证分析 被引量:1

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摘要 价格波动存在两种类型:第一类型由于内在价值变化而波动;第二类型价格投机性的波动。我国市场实施固定涨跌幅制度。固定涨跌幅制度存在三大缺陷:阻碍第一类波动,损害市场效率;日内价格涨跌幅度接近涨跌停板时,会加大波动;当收市达到涨跌停板,次日波动会增大。本文对这三类缺陷进行了实证分析。
作者 焦凯
出处 《世界经济情况》 2007年第1期37-42,共6页 World Economic Outlook
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