| 股指期货的价格决定 |
| |
| 引用本文： | 余子牛,顾晓靖.股指期货的价格决定[J].华中农业大学学报(社会科学版),2010(1):90-93. |
| |
| 作者姓名： | 余子牛 顾晓靖 |
| |
| 作者单位： | [1]海南省粮油科学研究院北京办事处,北京100086 [2]巴黎邦岱翁-索邦大学,巴黎75013 |
| |
| 摘 要： | 价格理论是微观经济学的核心，在完全市场经济中，需求和供给是决定市场价格的两大力量。股指期货合约是以股票市场上的样本股票整体价格变动情况作为交易对象的期货。股指期货市场独特的卖空机制，使得如何理解股指期货合约的需求和供给成为股指期货市场价格决定理论的关键。套期保值者是股指期货市场的净供给方，其供给量由套期保值成本决定。投机者和套利者是股指期货市场净需求方，其需求量由风险溢价决定。股指期货市场均衡价格由供需平衡点决定。
|
| 关 键 词： | 股指期货 套期保值成本 风险溢价 均衡价格 供需平衡点 |
Price Determination of Stock Index Futures |
| |
| YU Zi-niu,GU Xiao-jing.Price Determination of Stock Index Futures[J].Journal of Huazhong Agricultural University(Social Sciences Edition),2010(1):90-93. |
| |
| Authors: | YU Zi-niu GU Xiao-jing |
| |
| Institution: | 1.Beijing office;Grain-Oil Institute of Science-Technology of Hainan;Beijing;100086;2.University of Paris Pantheon-Sorbonne;Paris;75013 |
| |
| Abstract: | Price theory is the core of microeconomics.In the complete market economy,demand and supply are the two powers that decide the price.Stock index futures are futures based on the overall changes of the sample stocks.The special mechanism of selling short decides the key to the price determinism of futures market is how to understand the relationship between supply and demand of futures contract.The author regards hedgers act as the supply part in futures market,the amount of whose supply is decided by the co... |
| |
| Keywords: | stock index futures cost of hedge term risk premium equilibrium price the balance point between supply and demand |
| 本文献已被 CNKI 维普 等数据库收录！ |
| 点击此处可从《华中农业大学学报(社会科学版)》浏览原始摘要信息 |
| 点击此处可从《华中农业大学学报(社会科学版)》下载免费的PDF全文 |
