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- W2365876032 abstract "The Markov switching model with three regimes is used to research the dynamic change of China's financial condition index(FCI),and the state space model with varying parameters is used to analyze the effectiveness of financial operation on real economy.The result shows that China's financial condition has sensitive regime switching characteristics and obviously asymmetric characteristics,which leads to continuous change of its effectiveness.Besides,the effectiveness of financial operation is fluctuated between 0.3and 0.4,and the effectiveness of the overall financial condition influences real economy development presents enhanced situation." @default.
- W2365876032 created "2016-06-24" @default.
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- W2365876032 date "2015-01-01" @default.
- W2365876032 modified "2023-09-24" @default.
- W2365876032 title "Research on the Dynamic Characteristics and Effectiveness of the Financial Conditions Index" @default.
- W2365876032 hasPublicationYear "2015" @default.
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