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在岸离岸债券市场应协同发展 被引量:4

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摘要 尽管经历了次贷危机冲击,美国依然能保持其中心货币的地位,原因就在于美国仍然是具有流动性最高、深度最好的政府债券市场的唯一国家,高流动性的债券增强了网络外部性,而网络外部性又使流动性得以提高,从而巩固了美元作为国际主要储备货币的地位。
出处 《中国金融》 CSSCI 北大核心 2011年第10期58-60,共3页 China Finance
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  • 1刘建华,李杳花,陈晓红.韩日美等国中小企业债券融资模式对我国的启示[J].金融发展评论,2011(3):72-75. 被引量:7
  • 2Bauwens, Luc, Srbastien Laurent and Jeroen Rombouts. Multivariate GARCH Models: A Survey[J]. Journal of Ap- plied Econometrics, 2006 (1): 79-109.
  • 3Cappiello, L., R. Engle and K. Sheppard. Asymmetric Dynamics in the Correlations of Global Equity and Bond Returns[J]. Journal of Financial Econometrics, 2006 (4) : 537-572.
  • 4Cheung, Yin-Wong. The Role of Offshore Financial Centers in the Process of Renminbi Internationalization[R]. East Asian Bureau of Economic Research Macroeconomics Working Papers No. 24049, 2014.
  • 5Ciner, Cetin. Dynamic Linkages between International Bond Markets[J]. Journal of Multinational Financial Manage- ment, 2007 (4): 290-303.
  • 6Colavecchio, Roberta and Michael Funke. Volatility Transmissions between Renminbi and Asia-Pacific Onshore and Offshore U.S. Dollar Futures[J]. China Economic Reviews, 2008 (19): 635-648.
  • 7Ding, David K., Yiuman rise and Michael R. Williams. The Price Discovery Puzzle in Offshore Yuan Trading: Different Contributions for Different Contracts[EB/OL]. Journal of Futures Markets online published, http: //onlinelibrary.wi- ley.com/doi/10.1002/rut.21575/pdf, 2012.
  • 8Ding, Z. and R. Engle. Large Scale Conditional Covarianee Matrix Modeling, Estimation and Testing[J]. Academia Economic Papers, 2001 (2) : 157-184.
  • 9Dungey, Mardi, Renee Fry, Brenda Gonzalez-Hermosillo and Vance Martin. Contagion in International Bond Mar- kets during the Russian and the LTCM Crises[J]. Journal of Financial Stability, 2006 (2) : 1-27.
  • 10Engle, Robert F. Dynamie Conditional Correlation: A Simple Class of Multivariate GARCH Models [J]. Journal of Business and Economic Statisties, 2002 (3): 339-350.

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