摘要
证券市场的基本功能之一就是向市场提供流动性:为企业供应资金和为投资者供应金融品。在全球经济金融一体化的环境下,一国证券市场的竞争力最终取决于市场流动性功能,如果不能维系健全良好的市场流动性,就会失去资源配置的功能,从而沦为附庸子市场,并且增加市场的系统风险。证券市场的出现和制度的变迁无不受到竞争压力的影响,因此维持以及提高市场流动性是设计一个国家证券市场的最终目标。
One of the basic functions of securities market is to offer market mobility, to supply fund for enterprises and financial products for investors. In the environment of economic and financial globalization, competitiveness of securities market in one country depends on the function of market mobility. If there were no perfect mobility of market, there would be no allocation of resources but more systematic risk in market. The author puts forward suggestions on how to promote market mobility.
出处
《生产力研究》
CSSCI
北大核心
2007年第4期43-44,共2页
Productivity Research
基金
自然科学基金资助项目:"基于多尺度系统理论的证券市场微观结构方法研究"(70471026)
