全球场外衍生品、场内衍生品及政府监管——一个基于面板数据模型的实证研究被引量：1

Global OTC Derivatives Market,Exchange-traded Derivatives Market and Regulations——A Positive Study Based on Panel Date Model

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摘要发生在2007—2008年的全球金融危机使场外衍生品广受争议,这一市场作为目前金融研究领域的一个新课题正日益受到关注。本文在总结国内外研究文献的基础上,对全球场外、场内衍生品市场数据运用面板数据模型进行回归,测算并分析了场内市场和政府监管对场外市场的影响,最后提出我国应大力发展场内衍生品市场和加强场外衍生品政府监管的相关政策建议。 The financial crisis in 2007--2008 made OTC derivative market be highly criticized. This market is growingly becoming a new subject in financial study. At first, this paper reviews the academic research literature. Then based on global OTC derivatives market datas and panel data models, the paper measures and analyzes the effect of exchange-traded derivative market and government regulation on the OTC market. Finally this paper suggests that China should develop exchange-traded derivative market and strengthen the regulation on OTC derivative market.

作者斯文

机构地区上海社会科学院世界经济研究所东方证券股份有限公司合规与风险管理总部

出处《南京财经大学学报》 2012年第4期29-37,64,共10页 Journal of Nanjing University of Finance and Economics

关键词场外衍生品场内衍生品政府监管实证研究面板数据模型 OTC derivatives exchange-traded derivatives government regulations positive study panel date model

分类号 F830.9 [经济管理—金融学]

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参考文献35

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二级参考文献39

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