Analysis of the Relationship between Interest Rate Policy and the Securities Market in China
中国利率政策和证券市场的关系的分析

Based on the modern monetary theory, this paper analyze the relationship between interest rate policy and the securities market of China by using event study and co integration model methods. We point out that the interest rate policy has some abnormal effects on the securities market in short time and has negative effects on the securities market in a long time.