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Liquidity Excess and Futures Copper Price
International Journal of Finance and Banking Research
Volume 2, Issue 6, December 2016, Pages: 204-208
Received: Sep. 1, 2016; Accepted: Oct. 19, 2016; Published: Jan. 24, 2017
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Authors
Yuzhou Yang, Business School, Nanjing Normal University, Nanjing, China
Chen Zhu, Business School, Nanjing Normal University, Nanjing, China
Zhongwen Tong, Business School, Nanjing Normal University, Nanjing, China
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Abstract
The main contribution of this paper is to identify the relationship between liquidity excess and futures copper price in developing countries. To this end, we compare various measures of liquidity excess and identify one that can measure the degree of liquidity excess and which is particularly applicable to developing countries like China. Through multiple regression analysis, it is found that liquidity excess accounts for the changes of copper prices in the future market.
Keywords
Liquidity, Excess, Futures, Copper, Prices
To cite this article
Yuzhou Yang, Chen Zhu, Zhongwen Tong, Liquidity Excess and Futures Copper Price, International Journal of Finance and Banking Research. Vol. 2, No. 6, 2016, pp. 204-208. doi: 10.11648/j.ijfbr.20160206.13
Copyright
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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