【证券交易制度论】何杰经济日报.pdf
证券交易制度论 何杰著
Abstract(导读)Intheearlierresearches onsecuritiesmarketandtheory on asset pricing,most scholars,by assuming that the trading system is exoge-nous variable,tended to think that it had little impact on stock pric-ing.Butwith theemergenceof the theoryofmarketmicrostructurein recent years,it is getti
Abstract theauthor discussestheimpactofdifferentmicrostructureon thegoals of trading systems.He ends this part by pointing out what needs to be improvedabout themicrostructureofChina securitiesmarket.In the forthpart,theauthoranalyzes therelativeindependence ofexchanges for ensuretoachieve thegoals