發(fā)布時間：2018-01-24 05:47

  本文關(guān)鍵詞： 國債期貨 利率市場化 現(xiàn)貨市場 仿真交易合約　出處：《首都經(jīng)濟貿(mào)易大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：2011年初我國國債期貨市場重新開啟，并推出了國債期貨仿真交易的試點工作，使得國債期貨也重新受到矚目。本文從國債期貨及期貨市場概念出發(fā)，立足于國債期貨的基本功能，結(jié)合海外國債期貨市場的發(fā)展現(xiàn)狀及國內(nèi)國債期貨試點與教訓(xùn)，深入討論國債期貨與我國利率市場化互動關(guān)系及國債現(xiàn)貨市場與期貨市場之間的相互影響，并通過對國債期貨仿真交易合約功能發(fā)揮的實證研究，，提出完善國債期貨功能發(fā)揮促進(jìn)利率市場化進(jìn)程的對策建議。 本文在論述過程中，試圖通過各種圖表數(shù)據(jù)深刻的說明了國債期貨與我國利率市場化互動關(guān)系及國債現(xiàn)貨市場與期貨市場之間的相互影響。其中對于國債期貨仿真交易合約功能發(fā)揮的實證研究是本文的創(chuàng)新點，意在通過對國債期貨合約的價格發(fā)現(xiàn)功能和風(fēng)險規(guī)避功能的研究，可以將此次國債期貨仿真交易重新推出的意義量化，以使得本文的結(jié)論更具有信服力。
[Abstract]:In early 2011, China's treasury bond futures market was reopened, and the pilot work of treasury bond futures simulation trading was launched, which made treasury bond futures get attention again. This paper starts from the concept of treasury bond futures and futures market. Based on the basic function of treasury bond futures, combined with the development of overseas treasury bond futures market and domestic treasury bond futures pilot and lessons. The interactive relationship between treasury bond futures and China's interest rate marketization and the interaction between spot market and futures market are discussed in depth, and the empirical research on the function of treasury bond futures simulation trading contract is also discussed. The paper puts forward some countermeasures and suggestions to improve the function of treasury bond futures to promote the process of interest rate marketization. This paper discusses the process. This paper attempts to illustrate the interactive relationship between treasury bond futures and interest rate marketization and the interaction between spot market and futures market through various chart data. Among them, the function of simulating trading contract of treasury bond futures is brought into play. Empirical research is the innovation of this paper. Through the research on the function of price discovery and risk aversion of treasury bond futures contract, the significance of this paper can be quantified to make the conclusion of this paper more convincing.
【學(xué)位授予單位】：首都經(jīng)濟貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51;F812.5

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本文編號：1459317