{"created":"2023-06-26T10:46:21.059951+00:00","id":267,"links":{},"metadata":{"_buckets":{"deposit":"26400e08-8f4e-43db-8087-ba9445afc83d"},"_deposit":{"created_by":11,"id":"267","owners":[11],"pid":{"revision_id":0,"type":"depid","value":"267"},"status":"published"},"_oai":{"id":"oai:sgul.repo.nii.ac.jp:00000267","sets":["26:34"]},"author_link":[],"item_4_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2015-08-31","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"8","bibliographicPageEnd":"24","bibliographicPageStart":"1","bibliographic_titles":[{"bibliographic_title":"札幌学院大学経営論集","bibliographic_titleLang":"ja"},{"bibliographic_title":"Sapporo Gakuin University Review of Business Administration","bibliographic_titleLang":"en"}]}]},"item_4_description_4":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"本稿は次の仮説を検証するものである。仮説とは，より通貨に近いものの価格変化は２σ以上の大変動が趨勢を決定し，それ以外の場合には大変動は趨勢との連動性は薄い，というものである。玉山2015.2に示されるように，日次データで見た為替市場では２σ以上の大変動が為替レートの大勢を左右している。しかし同じく日次データで見た株式市場では，逆に１σ未満の小変動が株価の趨勢に沿っており，２σ以上の大変動は趨勢とは反対の動きをしている。株価ばかりではなく，日次データで見た長期国債利回りや資源・エネルギー価格においても，為替市場とは違い小変動が趨勢を左右し２σ以上の大変動は趨勢に反している。一方，満期１年以下の短期国債の日次変化は為替市場と同様に，２σ以上の大変動が趨勢と同じ変化を示し，小変動と趨勢は必ずしも連動しない。満期１年以下の短期国債は，ほとんど通貨そのものと言って良い。つまり短期国債の価格（利回り）とは，通貨で通貨を買った価格とみることができる。為替レートも通貨で通貨を買った価格である。これは，金価格についても言える。金が２重価格となった1968年から1992年５月まで（金が貨幣と認識されていたであろう期間，詳細は後述）の金価格（ドル/オンス）は，２σ以上の動きと趨勢が平行し，小変動と趨勢には連動性が薄い。それが1992年６月以降となると，逆に２σ以上は趨勢と反対の動きとなる。","subitem_description_language":"ja","subitem_description_type":"Abstract"}]},"item_4_description_40":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"subitem_description":"Bulletin","subitem_description_language":"en","subitem_description_type":"Other"}]},"item_4_description_5":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"論文","subitem_description_language":"ja","subitem_description_type":"Other"},{"subitem_description":"Article","subitem_description_language":"en","subitem_description_type":"Other"}]},"item_4_publisher_33":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"札幌学院大学総合研究所","subitem_publisher_language":"ja"}]},"item_4_source_id_8":{"attribute_name":"ISSN","attribute_value_mlt":[{"subitem_source_identifier":"1884-1589","subitem_source_identifier_type":"PISSN"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorAlternatives":[{"creatorAlternative":"TAMAYAMA, Kazuo","creatorAlternativeLang":"en"}],"creatorNames":[{"creatorName":"玉山, 和夫","creatorNameLang":"ja"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2016-11-07"}],"displaytype":"detail","filename":"KER-8-001.pdf","filesize":[{"value":"2.0 MB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"KER-8-001.pdf","url":"https://sgul.repo.nii.ac.jp/record/267/files/KER-8-001.pdf"},"version_id":"bd8f0d09-c94c-4c4e-9cf7-ad72f3d63d6e"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"jpn"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"株式・債券・商品市場のブラック・スワン : 流動性と貨幣らしさ","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"株式・債券・商品市場のブラック・スワン : 流動性と貨幣らしさ","subitem_title_language":"ja"},{"subitem_title":"\"Black Swans in the Stock・Bond・Commodity Markets\"","subitem_title_language":"en"}]},"item_type_id":"4","owner":"11","path":["34"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2015-12-14"},"publish_date":"2015-12-14","publish_status":"0","recid":"267","relation_version_is_last":true,"title":["株式・債券・商品市場のブラック・スワン : 流動性と貨幣らしさ"],"weko_creator_id":"11","weko_shared_id":-1},"updated":"2023-10-13T06:59:47.949384+00:00"}