Literature Review on the Hedging of Stock Index Futures
LI Jing-yua · Sci-Tech Information Development & Economy · 2010
This paper expounds the important functions of stock index futures being as the important financial derivatives in international financial market, and based on summing up the characteristics of some static models such as the naive model, OLS,B-VAR and VECM, and introduces emphatically the application of two dynamic models, GARCH and MRS.