Shibor报价偏离度对存款准备金率上调预示性研究  

Do discrepancies in Shibor quotes foretell reserve ratio increases?

作　　者：谢玲芳[1] 

机构地区：[1]上海银行资金营运中心

出　　处：《中国货币市场》2007年第8期46-48,共3页China Money

摘　　要：Shibor利率已逐渐成为市场资金变化的晴雨表,这不仅体现在Shibor各期限品种的市场利率上,还体现在报价偏离度等相关信息上。本文通过实证,研究了Shibor报价偏离度与存款准备金率上调的相关性,认为Shibor报价信息对存款准备金率上调具有一定的预示作用,深入挖掘Shibor的相关信息将有助于对市场资金面和政策面的研究。Shibor rates have become an indicator for changes in market funds, as manifested in the market rates of different terms of Shibor, as well as such relevant information as discrepancies in quotations. Through empirical research, this paper studies the correlation between Shibor quote discrepancy and the lift of required reserve ratio, and finds that information from Shibor quotations has anticipatory effects on reserve ratio increases. Hence, a deep exploration of Shibor-related information will facilitate the research on the tendencies of market funds and policy orientation.

关 键 词：Shibor报价 偏离度 存款准备金率上调 市场资金面 

分 类 号：F822.0[经济管理—财政学]