系统性风险
- 网络systemic risk;system risk;Systematic Risk;beta
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分析了β系数的变化特征,运用递归残差法估计和检验了β系数的稳定性,指出CAPM模型中的β系数是度量证券系统性风险的重要指标。
This paper analyzes the variation features of β coefficient , estimates and detects the stability of β coefficient through using recursive residual error method , and obtains that β coefficient in CAPM model is the important index of measuring systematic risk of securities .
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本文将重点探讨ETFs产品为什么能够用以套期保值,并讨论其套期保值操作的应用:①在规避个股系统性风险的情况下如何进行个股的非系统性风险投机;
The purpose of this article is to explain why ETFs can be treated as a tool for hedging , and to discuss its applications & The first one is how to speculate in unique risk of a corporate stock when eliminating its systematic risk ;
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系统性风险的另一可能来源是“影子银行体系”,金融稳定委员会(financialstabilityboard)正在研究对该体系实施监管的办法。
Systemic risk could also arise from " shadow banking " , and its regulation is being explored at the financial stability board .
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该名单由监管机构在“金融稳定委员会”(financialstabilityboard)的主持下拟定,旨在预防系统性风险在未来金融危机中向全球扩散。
The list has been drawn up by regulators under the auspices of the financial stability board , in an effort to pre-empt systemic risks from spreading around the world in any future financial crisis .
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利用现代金融理论中的资本财产定价模型(CAPM),分析融资项目的系统性风险,及因承担这种风险而得到的收益,据此对项目进行投资风险分析。
Uses CAPM to analyze systemic risk .
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最终,美联储见证了太多的系统性风险,于是改弦易辙,对aig进行了干预。
Ultimately , the Fed saw too much systemic risk , reversed course and intervened in AIG .
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结果显示我国IPO初始报酬率没有表现出明显的变化趋势,但对IPO公司非系统性风险具有揭示作用,或者说市场反馈假说在我国是成立的。
As the result shows that there is no distinct tendency in IPO initial return movement in China , the hypothesis of market feedback gets supported .
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国际货币基金组织(imf)昨日表示,全球金融市场“脆弱”,信贷危机爆发近一年来,系统性风险的各项指标仍有所“升级”。
Global financial markets are " fragile " and indicators of systemic risk remain " elevated " almost a year into the credit crisis , the International Monetary Fund said yesterday .
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Treynor指数和Jensen指数只考虑系统性风险,如果非系统风险没有被完全消除,采用Treynor指数和Jensen指数可能得出误导信息。
Concerning systemic risk only , Treynor index and Jensen index may transfer misleading information .
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当前欧元区国家系统性风险(systemicrisk)仍在持续传导和累积,国家信用风险突出且产生巨大的溢出效应,对全球经济造成了持续、全面和深远的影响。
At present , the euro-zone countries ' systemic risk is widely conducting and accumulating ; sovereign credit risk is a prominent problem and generates a tremendous spillover effect , which causes a sustained , comprehensive and far-reaching impact on the global economy .
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投资者提议成立的机构系统性风险监管机构(systemicriskoversightregulator)由一名主席和四名成员组成,均为全职工作人员,由总统任命,经过参议院批准,并对国会负责。
A body proposed by the investors the systemic risk oversight regulator would have a full-time staff led by a chairman and four members appointed by the president and confirmed by the Senate , and would be accountable to Congress .
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银行界人士表示,众议院金融服务委员会主席巴尼弗兰克(barneyfrank)的提议,可能给金融体系带来新的系统性风险。
Bankers said the proposals put forward by Barney Frank , the powerful chairman of the House Financial Services Committee , would introduce new systemic risks into the financial system .
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国际清算银行(BIS)菲利普特纳(PhilipTurner)称,由于众多企业一直在从事套息交易,新兴市场企业部门蕴含着潜在的系统性风险。
According to Philip Turner of the Bank for International Settlements , the EM corporate sector is a repository of potential systemic risk because companies have been engaging in a carry trade .
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系统性风险与我国农作物保险市场失灵&基于M-V偏好模型分析
System Risk and the Failure of China 's Crop Insurance Market & An Analysis Based on M-V Preference Model
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美国金融分析师克里斯维伦(christopherwhalen)辩称,消除系统性风险的唯一方法,是迫使所有交易在透明的交易所进行。
Christopher Whalen , a US financial analyst argues the only way to remove systemic risk is to force all trades on to transparent exchanges .
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事实证明,如今被政府接管的美国国际集团(aig)就是去年的一个巨大系统性风险,主要原因就是该集团把业务范围从保险拓宽到复杂的金融工程。
AIG of the US , the failed insurance group , was proven to be a vast systemic risk last year , in large part because of its diversification from insurance into complex financial engineering .
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农业保险是规避农业非系统性风险的重要财务手段,是现代农业发展的三大支柱之一,是WTO规则允许各国支持农业的绿箱政策之一,具有强大的社会福利功效,日益受到各国政府重视。
Agriculture insurance is an important financial means to evade non-systemic agriculture risks ; one of three mainstays of modern agriculture development , one of Green Box Policies permitted by the rules of WTO to support agriculture , has great welfare efficiency and is thought much of by many governments .
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国际货币基金组织(IMF)高级经济学家曼莫汉辛格(MAnmohanSingh)表示,这些监管措施看起来不太可能充分降低场外衍生品的系统性风险,未来靠纳税人纾困的可能性仍很大。
These regulatory steps seem unlikely to adequately reduce systemic risk from OTC derivatives and the likelihood of future taxpayer bail-outs appears to remain significant , says Manmohan Singh , senior economist at the International Monetary Fund .
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利用威廉·夏普提出的资本资产定价模型(CAPM)对1999-2002年我国证券投资基金分散非系统性风险的效果进行实证分析,结果表明我国基金对非系统性风险的分散效果日益显著。
This thesis empirically analyses the scattered effect of Chinese security fund nonsystematic risk from 1999 to 2002 based on capital asset pricing model ( CAPM ) . The result indicates that the scattered effect is getting prominent increasingly .
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REITs不但可以充分促进房地产业和信托业实现共赢性合作,而且有利于加速我国房地产资本市场的形成,并有助于分散和降低全国范围内银行的系统性风险。
REITs can not only contribute to achieve win-win between the real estate and trust business of cooperation , help accelerate the formation of real estate capital markets , but also help reduce systemic risk for banks across the country .
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贝塔系数作为资本资产定价模型(CAPM)中的组成部分,是衡量系统性风险的重要指标,它的精确与否对于预测收益率、资产定价和评估资产表现等具有重要的意义。
As the component of the capital asset pricing model ( CAPM ), beta is an important indicator of systemic risk , which has important implications for predicting the yield , asset pricing , evaluating the performance of assets and so on .
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然而,传统CAPM模型由于其自身包含严格的假定,使其在刻画时变β时存在很大的局限性,这也给准确度量系统性风险带来一定的难度。
However , because of stringent assumptions of the traditional CAPM model , when the model is describing the time-varying β, there will be a big limitation , which also brings about a certain degree of difficulty on giving an accurate measure of systemic risk .
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卡拉奇股市是2007年表现最红火的股市之一,但卡拉奇证交所(kse)表示,自今年4月以来蒸发近三分之一价值,意味着已经产生了“系统性风险”。
Karachi had one of the hottest stock markets in the world in 2007 , but its loss of nearly one-third in value since April has created " systemic risk " , the KSE said .
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另外,产业政策变更也会影响我国商业银行信贷的系统性风险。
Changes in industrial policy also can affect systemic credit risks .
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当然,提高资本金要求会降低系统性风险。
Certainly , raising capital requirements will reduce systemic risk .
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关于银行系统性风险产生的原因也有很多不同的解释。
Systemic risk of banks causes , there are many different interpretations .
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按揭证券化带来了一种新的系统性风险。
The securitisation of mortgages added a new dimension of systemic risk .
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金融机构系统性风险管理的知识层面建模
Knowledge Level Modeling for Systemic Risk Management in Financial Institutions
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他们还必须铲除那些助长系统性风险的薪酬方案。
They must also root out compensation schemes that encourage systemic risk .
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股票市场的变动并不显著影响我国商业银行信贷的系统性风险。
Changes in stock market do not influence the systemic credit risks .