Institutional interventions and performance of futures markets in China

被引：9

作者：

Chan, LH ^{[1
]}

Chan, KC

Leung, WK

机构：

[1] Delaware State Univ, Dept Accounting & Finance, Sch Management, Dover, DE 19901 USA

[2] Western Kentucky Univ, Gordon Food Sch Business, Dept Accounting & Finance, Bowling Green, KY 42101 USA

[3] Chinese Univ Hong Kong, Fac Business Adm, Shatin, Hong Kong, Peoples R China

来源：

EMERGING MARKETS FINANCE AND TRADE | 2005年 / 41卷 / 05期

关键词：

China; futures markets; intervention;

D O I：

10.1080/1540496X.2005.11052622

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the establishment and development of the most successful futures market in China. We document the evolution of the market microstructures and the attempts by the Zhengzhou Commodity Exchange's management to improve the performance of the futures market. Our finding suggests that if other former centrally planned economies want to establish futures markets, they must think carefully not only of the design and microstructure of the futures market, but they also have to choose carefully what contracts to offer.

引用

页码：43 / 55

页数：13

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