Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019)

Impact of Deleveraging on the Liquidity Crisis of China's Stock Market

Authors
Zhiping Jiang, Li Tang
Corresponding Author
Zhiping Jiang
Available Online September 2019.
DOI
10.2991/icemse-19.2019.167How to use a DOI?
Keywords
Liquidity crisis, Deleveraging, Short selling
Abstract

It is generally believed that deleveraging is the main cause of the serious liquidity crisis in the Chinese stock market in 2015. Using the real data of Chinese stock market, this paper shows that crash risk of stock market during deleveraging can be reduced by allowing short selling, and short-selling restriction is the real cause of the liquidity crisis of the Chinese stock market.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
September 2019
ISBN
978-94-6252-796-6
ISSN
2352-5428
DOI
10.2991/icemse-19.2019.167How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Zhiping Jiang
AU  - Li Tang
PY  - 2019/09
DA  - 2019/09
TI  - Impact of Deleveraging on the Liquidity Crisis of China's Stock Market
BT  - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics  (ICEMSE 2019)
PB  - Atlantis Press
SP  - 724
EP  - 727
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemse-19.2019.167
DO  - 10.2991/icemse-19.2019.167
ID  - Jiang2019/09
ER  -