1、蘇州大學碩士學位論文中國內(nèi)地股票市場與外圍股票市場聯(lián)動性研究姓名：楊軍申請學位級別：碩士專業(yè)：金融學指導教師：喬桂明20100401Abstl‘a(chǎn)ctAnEmpiricalStudyoftheComovementbetweenChinaandOtherFiveStockMarketsAnEmpiricalStudyoftheComovementbetweenChinaandOtherFiveStockMarketsAbs仃actSinc

2、ethe1990s，theinternationalfinancialmarketsarefullofchanges，andthousandsoffinancialeventsappearinavarietyofwaysDevelopedfinancialentitiesnolongeraffectdevelopingfinancialentitiesunilaterallyThedevelopingfinancialentitiesc

3、allaffectthedevelopedfinancialentitiesinaSalTlewayWhenthosefinancialentitiesfacetheSalTleriskfactors，theirstockmarketsdisplayCOmovementcharacteristicsThroughstudyingoncomovementofseveralstockmarkets，weCanevaluatetheriskd

4、iversificationcapabilitiesofusingseveraldifferentstockmarketsSo，the0COmovementsofstockmarketshavebecomearlimportantissueoffinancialareaWiththeupgradingofChina’seconomicstatus，thefinancialrelationshipbetweenChinaandworldw

5、idefinancialmarketsmustbecomemoreintensifiedInthissituation，researchonChina’SfinancialmarketswillhavetheoryandpracticemeaningAfterthemainintroductionofabroadanddomesticresearchaboutCOmovementofstockmarkets，thispaperdescr

6、ibedtheopeninganddevelopingprocessofChinaseconomyandstockmarketInordertoobtainthedetailCO—movementsbetweenChinaandotherfivestockmarkets，IdividedtheindexinfourpartsTheeconometricmethodsusedinthispaperincludeCointegrationt

7、est，ECMmodeletcTheresearchresultsdemonstratethattheaveragecoelationbetweenChinaandworldstockmarketsimprovessignificantlyandexhibitssomeconvergencetrendsCointegrationalsoexistsamongthosestockmarketsentirelyafterthesharere