Details

Autor(en) / Beteiligte

• Fan, Mei Na

Titel

An research on impact of stock index futures' appearance on the stock spot market

Ort / Verlag

ProQuest Dissertations & Theses

Erscheinungsjahr

2011

Quelle

ProQuest Dissertations & Theses A&I

Beschreibungen/Notizen

• Translation from original language as provided by authorThe stock index futures have been the most influential and the most fast-growing derivatives since it was created and even it was not a long history. As is known to all, the stock index futures are created to manage the system risk of the stock market, but stock market crash in October 1987 in the United States causes people to find out that the stock index futures are not reliable all the time. And it is necessary to study how the introduction of the stock index futures influences the volatility of the stock market. Volatility is one of the most obvious characteristics of financial markets, and both the supervisors and the participants pay great attention to it. Meanwhile, there are lots of studies on it. Since it can demonstrate the risk of the investment and it can be the effective guide of the supervision. With the growing of our financial market, all the participants are eager to use a new tool as stock index futures to avoid the risk and make the m