Study on the Relationship between China's Household Choice Behavior of Financial Assets and Stock Market Development

被引：0

作者：

Xiao, Weiguo ^{[1
]}

Xu, Xiaofei ^{[1
]}

机构：

[1] Wuhan Univ, Sch Econ & Management, Wuhan 430072, Peoples R China

来源：

PROCEEDINGS OF CHINA-CANADA INDUSTRY WORKSHOP ON ENTERPRISE RISK MANAGEMENT 2008 | 2008年

关键词：

Household choice behavior of financial assets; development of stock market; co-integration test; Granger causality tests;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on quarterly data from 2000 to 2008, this paper studies on the relationship between China's household choice behavior of financial assets and stock market development. Empirical result shows that there is a long-term stable relationship among the ratio of cash in circulation, ratio of household savings deposits and the depth of the stock market. A bi-directional Granger causality exists between the ratio of currency in circulation and the depth of the stock market. While causal relation between the ratio of savings deposits and the depth of the stock market is unidirectional.

引用

页码：56 / 59

页数：4

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