摘要
随着市场的迅猛发展,场外衍生品已经成为金融研究领域一个新的课题而逐渐受到关注。在总结国内外研究文献的基础上,利用美国1998年至2011年的季度数据,通过建立多元回归模型来分析基础资产、场内衍生品、经济增长、货币政策、政府监管等因素对场外衍生品市场的影响,并提出我国发展场外衍生品市场的相关政策建议。
Along with the rapid development of markets, OTC derivatives have become a new topic in the financial research based on the field. Firstly, this paper summarizes the current research literature concerning topic. Secondly, quarterly data from 1998 to 2011 in the United States and the multi-regression model, it analyzes the impact of underlying assets, exchange-traded derivatives, economic growth, monetary policy and government regulation on the OTC derivatives market. Finally, it gives related suggestions for the development of derivatives markets in China.
出处
《山东财政学院学报》
2013年第1期27-36,共10页
Journal of Shandong Finance Institute
关键词
场外衍生品
基础资产
场内衍生品
货币政策
政府监管
OTC derivatives
underlying assets
exchange-traded derivatives
monetary policy
government regulations