美国债券市场发展对我国场内债券市场的启示
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上海财经大学学报 2011 年 第 13 卷第 03 期, 页码：84 - 91
摘要
参考文献
摘要
与发达国家的债券市场结构相同,我国的债券市场也分为场外和场内两个市场,且后者面临着边缘化的趋势。本文对美国债券市场的发展历史进行研究,发现场内市场也曾经有过活跃的债券交易,而市场投资者结构的变化逐渐导致了流动性向场外转移,形成了新的市场均衡。虽然我国的债券市场受行政干预形成市场分割,但目前也处于相同的均衡状态。文章从机构投资者和个人投资者两个层面的市场建设对未来交易所债券市场发展提出了建议。
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[7]Bruno Biais and Richard C.Green.The microstructure of the bond market in the 20th century[D].Carne-gie Mellon University,Tepper School of Business,Working Paper,2007.
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引用本文
于鑫, 龚仰树. 美国债券市场发展对我国场内债券市场的启示[J]. 上海财经大学学报, 2011, 13(3): 84–91.
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