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国际原油价格波动会对各国股票市场产生影响。本文从通货膨胀角度梳理了国际油价波动对股票市场的影响机理,其后运用相关性分析和向量自回归模型分析了国际原油价格波动对美国、英国、日本、俄罗斯、中国、印度、香港等7个国家和地区股票指数的影响。结果显示,国际油价波动对美国和英国股市的影响时间较长,通常在3个月以上,且影响程度较大;而我国股票市场所受影响较小,且持续时间较短。
International crude oil price fluctuations will affect the stock markets in various countries. This paper analyzes the mechanism of international oil price volatility on the stock market from the perspective of inflation, and then analyzes the fluctuation of international crude oil prices against the United States, Britain, Japan, Russia, China, India, Hong Kong and other countries by using the correlation analysis and the vector autoregressive model The impact of stock index of a country. The results show that the impact of international oil price volatility on the United States and the United Kingdom stock market for a long time, usually more than three months, and a greater degree of influence; and our stock market less affected, and the duration is shorter.