The Analysis on the Economic Function of Chinese Fuel Oil Futures Market

摘要：

Risk aversion and price discovery are the important economic function of the futures market and are important indicators to determine the futures market. In view of fuel oil futures market undertaking the important pioneer task of the Chinese oil futures market, this article took Shanghai fuel oil futures market as the research object. Based on co-integration theory being intrinsically linked to the futures market, the author studied economic function by co-integration model. The results showed that Chinese fuel oil futures market had the function of price discovery and could realize hedging.

关键词： fuel oil futures risk aversion price discovery

作者: LIU Yunxia HE Jinbing

作者单位: Department, of Planning and Statistics, the School of Economics, Xiamen University, P.R.China, 36100 Postdoctoral Workstation, China Insurance Regulatory Commission, NO.15 Financial Street, Xicheng Dis

会议类型: 国际会议

会议名称: The 3rd International Institute of Statistics & Management Engineering Symposium(2010 国际统计与管理工程研讨会 IISMES)

会议地点: 威海

会议语种:英文

页码: 255-261

在线出版日期: 2010-07-24（万方平台首次上网日期，不代表论文的发表时间）