%0 Journal Article
%T Empirical estimation for capital flow into stock and real estate markets from monetary and credit accounts<br>我国信贷资金流人股票市场、房地产市场的实证估计
%A DIAO Si-cong
%A CHENG Ke
%A YANG Xiao-guang
%A <br>刁思聪
%A 程棵
%A 杨晓光
%J 系统工程理论与实践
%D 2011
%I 
%X This paper aims at empirically investigating capital flow into the stock and real estate markets from the monetary and credit accounts in China.A Vector Autoregressive Model is built with variables of total loans,M2,industrial added value,,and CPI,based on economic theory.Empirical results from the model show that there were a large amount of capital flow into the stock and real estate markets in 2007 and 2009,in particular,the capital flow into the stock markets consecutively for several months in 2007 bef...
%K credit capital
%K stock market
%K real estate market
%K capital flow
%K VAR<br>信贷资金
%K 股票市场
%K 房地产市场
%K 资金流向
%K 向量自回归模型
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=36F7EBBE0AF21E8541DC7DC3F23363D3&yid=9377ED8094509821&vid=4AD960B5AD2D111A&iid=E158A972A605785F&sid=7FAAB0292FA0D5D0&eid=039DCCB9394D9766&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=0&reference_num=19