高频数据的获得使人们可对市场的微观结构和运行机制进行深入研究。
The high frequency data make the deeper study of microscopic market mechanism and movement mechanism available.
运输需求和运输市场的微观结构都在发生巨大变化，而运输市场的成熟程度已更多地体现在运输中间层组织的发达水平。
The microstructure of transport market is experiencing great changes, so is transport demand, and its maturity level is more attributed to the development level of transport intermediaries.
金融市场微观结构理论研究的基本问题是市场交易机制与资产的价格形成问题。
The fundamental research of financial market microstructure theories is the market transaction mechanism and the assets price forming.
本文以金融市场微观结构理论为基础，通过将时间窗口缩小来研究中国股市的交易量、收益率和收益率波动的变化特征。
Based on the market microstructure theory, this paper studies on the character of trading volume return and return volatility in China stock market through narrowing the time window.
文章进一步分析得出，宏观经济部门和市场微观组织的金融渗透与金融市场的结构密不可分。
It can be further concluded through analysis that the financial permeation of macroscopical economic department and microcosmic organization is inseparable from the financial market structure.
市场微观结构理论的研究主要集中于证券交易价格形成与发现的过程与运作机制。
Researches in the market microstructure focus on the processes of discovering the trading prices and the operating mechanisms of the trading prices.
证券交易的执行成本是信息不对称和市场供需不均衡时投资者买卖证券的风险补偿，是资产定价和市场微观结构的重要研究课题。
This paper builds on and extends existing literature on execution cost and expected return in quote - driven stock markets where market makers play a leading role in determining bid - ask spreads.
文章运用市场微观结构理论论述我国金币市场的运行机制，主要阐述我国金币市场结构及交易机制，分析我国金币市场运作的特殊性。
This study USES microstructure theory to analyze the operating and transaction mechanism of gold coin market in China and the speciality of its gold coin market operation.
金融市场微观结构理论和行为金融学的兴起引起了人们对证券市场羊群效应的广泛关注。
The emergence of the theory of financial market micro-setup and behavior-finance has aroused extensive focus on the herd effect in securities market.
从传统的金融市场微观结构理论出发，通过间接的方式分析了非对称信息对资产价格的影响。
Based on the traditional market microstructure theories, the impact of asymmetric information on asset price is analyzed indirectly.
对证券市场微观结构的研究多集中在模型的解释和应用方面，而对其理论产生的原因、背景和学术渊源等内在逻辑却少有关注。
Much research of the security market microstructure concentrates on the hermeneutic and the application of the models, not as to the problems such as reasons, backgrounds and academic origins.
本文从市场微观结构的角度，采用理性预期分析框架、探讨价格限制对股票交易的作用。
Based on the rational expectation framework and from the perspective of market microstructure, the paper analyzes the effect of price limit on trading mechanism of stock market.
微观经济领域的内容以新的方式进入地理信息领域，引起对地理信息市场结构的研究。
Spatial information business behavior taking into account of microeconomics rules and structure of geo-information market is also explored.
市场微观结构理论认为，以指令差额衡量的买卖双方的力量对比会影响价格形成。
According to market microstructure theory, the buyer-seller power contrast, which is measured by order imbalance, can affect the formation of stock price.
有效市场理论忽略了市场机制等市场微观结构因素在定价和价格变化方面所起的作用。
Effective market Hypothesis ignores the effect of market microstructure on asset pricing and price variation.
利用上海市场的分笔交易数据考察中国市场上微观结构噪音的特征。
The characteristics of microstructure noise in Chinese stock market are investigated by using tick-by-tick data of Shanghai stock market.
本文首先回顾了近代汇率行为描述与预测的理论基础，然后详细阐述了近年来新兴的外汇市场微观结构理论。
The paper reviews the development of the exchange rate system and its mutually research, then elaborates the new exchange rate micro-structure theories, which has been developed in the last few years.
首先基于我国股票市场微观结构、交易制度的现实，分析了投资者进行股票交易时所面临的市场流动性风险产生的原因与过程，并构造了本文的市场流动性风险指标——价差损失值。
Firstly, basing on the microstructure of stock market of our country, this thesis analyzes the reason and course of liquidity risk, and constructs the risk index-loss value of price spread.
本文对大量股票交易的高频率数据进行了实证统计推断，描述中国证券市场微观结构特征，这一点在国内的研究中还不多。
This paper has an empirical inference of high-frequency return and describes the microstructure characteristic. It is rather rare in domestic studies.
金融市场微观结构理论已成为当今金融研究领域的一个热点之一，是从微观的角度去研究金融市场的特性和内在规律。
Financial market microstructure theory, which is to research the characteristics and internal rules of the financial market, has become one of the focus issues in the research of financial field.
金融市场微观结构理论强调证券市场的组织以及作为市场行为重要决定因素的交易制度对股票价格的重要性。
The financial microcosmic structure theory emphasizes that the organization of securities market and the trading mechanism are important to stock price.
而流动性，波动性始终贯穿整个市场微观结构理论，更是被用来设计市场结构及评价一个市场结构是成熟，稳定而采用的广泛标准。
And the liquidity, volatility, which run through the entire market microstructure theory, are used to design the market structure and evaluate whether the market structure is perfect.
本文回顾了2007—2009年货币市场的各利率期限品种和交易期限结构的主要变化情况，探讨变化的宏微观因素。
This paper reviews the major changes in money market interest rates and term structure from 2007 to 2009, and discusses the macro and micro factors for the changes.
本文将金融市场微观结构理论用于资产价格发现的研究，分析了非对称信息在资产价格发现过程中的作用，并进行了实证检验。
This paper examines the implication of market microstructure theories for price discovery, and studies the role of asymmetric information in price discovery both theoretically and empirically.
流动性问题不仅是金融市场微观结构研究的核心所在，同样，在资产定价研究领域，也具有举足轻重的地位。
Not only is the kernel of the research on financial market microstructure, the subject about liquidity also plays a crucial role in the domain of the research on asset pricing.
根据微观经济学原理，讨论了公路服务的产品性质、生产特点，生产与消费成本的变化规律，以及公路服务的垄断市场结构与形成原因。
According to microeconomics, this paper discussed the road service and operation, including its natures, production characteristics, cost of production and consumption, monopolistic market.
第三部分：从金融市场微观结构理论出发，通过直接的方式分析了非对称信息对资产价格的影响。
The third part: Based on the market microstructure theories, the impact of asymmetric information on asset price is analyzed directly.
银行间债券市场微观结构因素是影响银行间债券市场内部绩效的原因。
The micro constitution of Banks' bond market is the factor affecting the internal performance of commercial Banks.
遵循上述基本思路，本文按逻辑结构分为四章：第一章概述了当代外汇市场的基本特点，并从微观经济理论出发讨论了外汇市场效率的涵义及评价标准。
Following preceding logic, this paper is in four chapters:Chapter 1 gives a brief description of modern FX market, and thenbrings forward the definition and criterion of efficiency of FX market.
遵循上述基本思路，本文按逻辑结构分为四章：第一章概述了当代外汇市场的基本特点，并从微观经济理论出发讨论了外汇市场效率的涵义及评价标准。
Following preceding logic, this paper is in four chapters:Chapter 1 gives a brief description of modern FX market, and thenbrings forward the definition and criterion of efficiency of FX market.
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