2006•Journal of Zhengzhou Institute of Aeronautical Industry ManagementRequires access
Analysis on the Speculation or Investment Action in Chinese Bond Market
Zhiguang Cao
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Abstract
A new approach about estimation of term structure are used in the paper to estimate,India and Chinese bond markets.Empirical results show that the market price of interest rate risk in China is zero,but not zero in U.S,India and Japan.Empirical results also show that speculation on Chinese bond market is more severe than on U.S and Japanese bond markets.