Another important issue is the stock marketfluctuation’s " ratchet effect ", which means, when the stock market prices go up anddown,the impact of stock market fluctuation on macroeconomic is asymmetric. It wasextremely obvious when the financial crisis occurs.
另外需要注意的是，股市波动的“棘轮效应”，即股市上涨和下跌时对宏观经济的冲击是不对称的，这一点在股市泡沫破灭发生金融危机时特别明显。
参考来源 - 我国股市与货币政策的传导机制研究·2,447,543篇论文数据，部分数据来源于NoteExpress
The price limiting mechanism (PLM) aims to limit the range of daily fluctuations of stock prices in order to reduce stock market fluctuation and enhance market efficiency.
涨跌停机制是对证券的每日最高和最低成交价，或每日最高涨跌幅度进行的限制，旨在降低股市波动，提高市场效率。
When commercial Banks get involved in stock market directly or indirectly, the fluctuation of stock price will affect their assets' quality and consequently their balance sheet and stability.
商业银行直接或间接地参与股票市场，就会因股票价格的波动影响银行资产质量进而影响银行资产负债表和银行稳定。
The empirical Evidence indicates that Shenzhen stock market exists state persistence and fluctuation.
实证结果表明，深圳股票市场存在状态持续性和波动性。
应用推荐