Title :
The Association Research about China´s Bond Market and Stock Market
Author :
Zhang, Guangbin ; Cheng, Chun
Author_Institution :
Sch. of Econ. & Manage., Yunnan Normal Univ., Kunming, China
Abstract :
From co-integration test, error correction model analysis and the Granger causality test, we found that there is a co-integration relationship between China´s bond market and stock market in volume, but there is no Granger causality between the two markets. Overall, the connection between China´s bond market and stock market is low, the reaction of the information is not particularly fast, and the two markets are in segmentation state. Based on positive research, some relevant suggestions will be put forward for the above conclusions.
Keywords :
statistical analysis; stock markets; China; Granger causality test; association research; bond market; co-integration test; error correction model analysis; stock market; Economic indicators; Equations; Error correction; Law; Mathematical model; Stock markets; Time series analysis; bond market; positive research; stock market;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2011 International Conference on
Conference_Location :
Shenzhen
Print_ISBN :
978-1-61284-450-3
DOI :
10.1109/ICIII.2011.294
