典型文献
Toward energy finance market transition:Does China's oil futures shake up global spots market?
文献摘要：
China is breaking through the petrodollar system,establishing RMB-dominating crude oil futures market.The country is achieving a milestone in its transition to energy finance market internationalization.This study explores the price leadership of China's crude oil futures and identifies its price co-movement to uncover whether it truly shakes up the global oil spots market.First,we find that for oil spots under different gravities,China's oil futures is only a net price information receiver from light-,medium-,and heavy-gravity oil spots,but it has a relatively stronger price co-movement with these three spots.Second,for oil spots under different sulfur contents,China's oil futures still has weak price leadership in sweet,neutral,and sour oil spots,but it has strong co-movement with them.Third,for oil spots under different geographical origins,China's oil futures shows price leadership in East Asian and Australian oil spots at the medium-and long-run time scales and strong price co-movement with East Asian,Middle Eastern,Latin American and Australian oil spots.China's oil futures may not have good price leader-ship in global spots market,but it features favorable price co-movement.
文献关键词：
中图分类号：
作者姓名：
Xingyu DAI;Ling XIAO;Matthew C.LI;Qunwei WANG
作者机构：
College of Economics and Management,Nanjing University of Aero-nautics and Astronautics,Nanjing 211106,China;Research Center for Soft Energy Science,Nanjing University of Aeronautics and Astronau-tics,Nanjing 211106,China;Royal Holloway University of London,Egham TW20 0EX,United Kingdom
文献出处：
引用格式：
[1]Xingyu DAI;Ling XIAO;Matthew C.LI;Qunwei WANG-.Toward energy finance market transition:Does China's oil futures shake up global spots market?)[J].工程管理前沿（英文版）,2022(03):409-424
A类：
petrodollar,shakes,gravities
B类：
Toward,energy,finance,market,transition,Does,China,oil,futures,up,global,spots,breaking,through,system,establishing,RMB,dominating,crude,country,achieving,milestone,its,internationalization,This,study,explores,price,leadership,identifies,movement,uncover,whether,truly,First,find,that,under,different,only,net,information,receiver,from,light,medium,heavy,gravity,but,has,relatively,stronger,these,three,Second,sulfur,contents,still,weak,sweet,neutral,sour,them,Third,geographical,origins,shows,Asian,Australian,long,run,scales,Middle,Eastern,Latin,American,may,not,have,good,features,favorable
AB值：
0.418623
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