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| Measurement study of agricultural product financialization based on natural rubber futures market |
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| DOI：10.16768/j.issn.1004-874X.2018.01.023 |
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| Abstract: |
| With the week data from January 2011 to April 2017 on the Chinese natural rubber futures market，
The paper analyzed the information spillover effects and the time-varying characteristics of natural rubber futures at
home and abroad in the international financial market，the fluctuation relationship between financial futures market
and commodity prices in different period，and did financial measure by constructing the VAR model，then，the paper
found that there is a significant one-way information spillover effect between Chinese natural rubber market and
the domestic and international financial markets.It is a one-way spillover of the natural rubber market by financial
markets.. There is a relatively high level of information spillover between Chinese natural rubber market and the
domestic and international financial markets.Tt reached the maximum in the third period，That is about 15%. In the
direction of spillover，the international financial market is a obviously net spillover to China's natural rubber market.
Compared with the international financial market，the information spillover of the domestic market is low and not
obvious. |
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