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存款准备金率调整对中国股市影响的实证研究

An Empirical Study on the Impact of Deposit Reserve Rate Adjustment on China’s Stock Market

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【作者】 曾华肖雪徐畅黄开武孙钦稳

【Author】 ZENG Hua;XIAO Xue;XU Chang;HUANG Kai-wu;SUN Qin-wen;School of Optical Information and Energy Engineering,School of Mathematics and Physics,Wuhan Institute of Technology;

【机构】 武汉工程大学光能数理学院

【摘要】 股市变化波动在一定程度上受到国家政策的影响,其中存款准备金制度是一个至关重要的因素。理论分析表明存款准备金率与股票价格呈反方向变动。本文在单一变量原则的思想与合理的正态分布假设下,通过选择2007~2016年上海证券指数涨跌幅作为表征股市行情的参量,建立均值比较模型,根据判定的一般规则,得到结果为:存款准备金率的调整跟股市涨跌存在一定的负相关关系。

【Abstract】 The fluctuation of stock market changes is affected to some extent by national policies. The deposit reserve system is a crucial factor. Theoretical analysis shows that the deposit reserve ratio and the stock price change in the opposite direction. Under the assumption of the principle of single variable and reasonable normal distribution, this paper selects the index of the Shanghai Stock Exchange from 2007 to 2016 as the parameter to represent the stock market, and establishes the mean comparison model. According to the general rule of judgment, the result is: There is a negative correlation between the adjustment of the deposit reserve ratio and the rise and fall of the stock market.

【基金】 武汉工程大学校长基金项目资助,项目名称:《基于概率的购买股票风险预测方法研究》,项目编号:2017067
  • 【分类号】F822.0;F832.51
  • 【被引频次】1
  • 【下载频次】564
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