메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject
Humanities
General Humanities History Philosophy Religious Studies Linguistics and Literature Other Humanities
Social science
General Social Science Business Management Tourism Education Military Science Library and Information Science Law Sociology Journalism and Media Studies Psychological Science Political Science and Diplomacy Geography Public Administration Economics International Trade Anthropology Other Social Science
Natural science
General Natural Science Physics Biology Life Sciences Mathematics/Statistics Astronomy Earth Science Chemistry Other Natural Science
Engineering
General Engineering Architectural Engineering Mechanical Engineering Industrial Engineering Material/Energy Engineering Electrical and Electronic Engineering Marine and Ocean Engineering Chemical Engineering Computer Science Other Engineering
Medical science
General Medical Science Nursing Science Veterinary Pharmacy Traditional Korean Medicine Basic Medicine Clinical Medicine Other Medicine
Agriculture and Fishery
General Agriculture and Fishery Agriculture Fishery Science Food Science Forestry Animal Husbandry Marine Transportation Studies Other Agriculture and Fishery
Art and Kinesiology
General Arts Design Fine Arts Cosmetology Photography Music Fashion Kinesiology Performing Media Arts Other Arts and Kinesiology
Interdisciplinary Studies
Interdisciplinary Research Science and Technology Studies Brain and Cognitive Science Technology Policy Other Interdisciplinary Studies

KOR

Pice Discovery in the Chinese Nonferrous Metals Futures Markets
Recommendations
Search
Questions

중국 비철금속선물시장의 가격발견기능에 관한 연구

논문 기본 정보

Type
Academic journal
Author
Deok Hee Hahn (동아대학교)
Journal
Korean Industrial Economic Association Journal of Industrial Economics and Business Vol.28 No.6 KCI Accredited Journals
Published
2015.12
Pages
2,453 - 2,469 (17page)

Usage

cover
📌
Topic
📖
Background
🔬
Method
🏆
Result
Pice Discovery in the Chinese Nonferrous Metals Futures Markets
Ask AI
Recommendations
Search
Questions

Abstract· Keywords

Report Errors
This paper explores the nonferrous metals futures markets in Chinese in respect to the price discovery dynamics among cooper, aluminum, zinc, and lead market. The analysis employs the vector-autoregression, granger causality, impulse response function and variance decomposition using daily returns on chinese nonferrous metals futures markets.
The findings in this paper indicate that cooper futures return has predictive power for zinc, aluminum, and lead futures return from Granger causality test. Both zinc and lead futures return have predictive aluminum futures return. The impulse reponses show that the one unit of shock of cooper futures return effects both zinc and lead futures return for two days positively. However, the one unit of shock of lead futures return doesn’t effects aluminum futures return. The results of variance decomposition show that the greater part change of zinc, aluminum, and lead futures return due to change of cooper futures return. The overall results suggest that cooper, zinc, and lead futures have price discovery but aluminum futures seems to make little in price discovery.
#가격발견 #그랜저인과관계 #충격반응함수 #분산분해 #price discovery #granger causality #impulse response function and variance decomposition

Contents

Ⅰ. 서론
Ⅱ. 연구모형
Ⅲ. 데이터 및 기초분석
Ⅳ. 실증분석
Ⅴ. 결론
참고문헌
Abstract

References (24)

Add References
[학술지(정기간행물)] - 김서경 / 2000 / 주가지수와주가지수선물관계의 일중거래 자료분석 / 증권학회지 27 : 101 ~ 137 dbpia [학술지(정기간행물)] - 문규현 / 2009 / 금시장의 현선물간 상호관련성에 관한 연구 / 산업경제연구 22 (3) : 1423 ~ 1438 dbpia [학술지(정기간행물)] - 서지용 / 2011 / 국제 금 및 원유 선물시장의 거래정보는 글로벌 주식시장 수익률에 유의한 영향을 미치는가? / 대한경영학회지 24 (1) : 323 ~ 338 dbpia [학술지(정기간행물)] - 이재하 / 2007 / KOSPI200 현물 및 옵션시장에서의 수익률과 거래량간의 선도-지연관계 / 선물연구 15 (2) : 121 ~ 144 dbpia [학술지(정기간행물)] - 최종연 / 1998 / 한국 주식시장에서의 선도/지연 효과에 관한 실증 연구 / 증권학회지 23 : 89 ~ 118 dbpia

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Related Authors

Frequently Viewed Together

An Empirical Study on Price Discover between limber Futures Returns and Trading Volume
Hong ,  Chug-Hyo Korean Jouranl of Business Administration 2010 .08
A Comparative Analysis on Income Tax Deduction for Families with Young Children: Focused on Korea, the US, the UK, Australia and Germany
Sung On Hwang Early Childhood Education Research & Review 2013 .12
Institutional Contexts and Policy Issues of Child Allowance in Korea
Kim ,  Sujeong Issues in Feminism 2018 .04
A Study on Price Discovery of Major Crude oil Spot and Futures Markets
Haesun Pa ,  k ,  Sangjik Lee Journal of Industrial Economics and Business 2017 .02
Hedge and Safe-Haven of Gold
Hwang ,  Y. Journal of Industrial Economics and Business 2017 .02

Recently viewed articles

Factors Associated with Quality Control of Hemodialysis Treatment
Kim Kyung Sook, LEE SUN HEE, 류동열The Korean Association Of Internal Medicine2014
 Phytosterols content of Keunnunjami germ and its antioxidative effects in adult rats
Jie Liang, Jing Wen Ma, Soo Im Chung 외 1명The Korean Nutrition Society2020.04
 Design of an emotional expressive plant pot for enhancing the relationship between humans and plants
Oh Joo-Hyeon, Bae Sang-MinKorean Society of Design Science2011.05

Comments(0)

0

Write first comments.

UCI(KEPA) : I410-ECN-0101-2016-323-002223719