金融危机对中美股票市场影响的比较研究

Comparative analysis on impact of global financial crisis on China and U.S.stock market

针对2008年9月由美国次贷危机引发的一场全球金融危机,对股票市场产生的巨大冲击,利用R/S分析方法,对中美股票市场作对比分析.研究赫斯特指数表明:这次金融危机对美国股票市场的稳定性有显著影响,危机爆发后股票市场风险较爆发前大,而对中国股票市场的影响则不十分显著.

The U.S.sub-prime mortgage crisis triggered a global financial crisis in September 2008,which sent forth a huge impact on stock markets.In the paper,the China stock market was compared with the U.S.stock market by means of R/S analysis.The Hurst exponent shows that： the crisis has a significant influence on the stability of U.S.stock market,while the impact on China stock market is not very significant.