得出的结论是,东亚新兴债券市场风险的根源在于严重的“信息不对称”及缺乏降低这一不对称的制度安排。
The conclusion is that the risk can be attributed to the serious information asymmetry and the absence of the institution arrangement to alleviate the asymmetry in East Asia bond market.
考虑到过去几个月里债券市场起伏不定,此举是为了使结算所降低银行购买意大利公债的风险。
This was intended to protect the clearing house by reducing the risks posed by Banks trading Italian government bonds, given the wild swings in their prices over the past few months.
股票和债券市场在09年强劲反弹,全都把风险置之脑后。
Stockmarkets and bond markets rallied substantially in 2009, totally oblivious of the risks.
由于没有看到债券市场在1998年的暴跌,为了在低利率时期保持收益,在2003年7月投资者们的资金都流向了更有风险的证券。
Not having seen a debt-market crash since 1998, investors piled into ever riskier securities in 2003-07 to maintain yield at a time of low interest rates.
尽管如此,目前债券市场的入市风险似乎正逐步攀升。
At the moment, though, the bond market seems to be stoking risk.
对银行来说是一个问题——怎样处理对这个世界第三大债券市场的风险敞口。
For Banks a question of how to manage exposure to the world's third-largest bond market.
希在债券市场上的借贷成本虽不如以前低了,但借贷同样容易,甚至在投资者规避风险资产行为于去年3月达到顶峰时也是如此。
It could still borrow easily, if not as cheaply, in bond markets even as investors' aversion to risky assets peaked last March.
中国国内债券市场的风险从未像现在这样如此之高。
与此同时,东亚新兴债券市场在制度拓展和制度演化中,新的风险将始终伴随于这一制度变迁的过程。
Meanwhile, the risk will always be there during the process of institution change in East Asia bond markets.
“金融火力”的强势出击在短期内已显现效果:债券市场恢复了平静,系列违约风险的可能性消失了。
In the short term this massive show of financial firepower has worked. Bond markets have calmed; the odds of a cascading series of defaults have diminished.
最近的欧债危机中,在债券市场意识到违约风险之前,评级机构就已经开始下调欧元区国家的信用评级了。
In the current European crisis, ratings firms had begun to downgrade peripheral euro-zone countries years before bond markets woke up to default risk.
此举可促进市场多方面使用外汇基金票据及债券,提高定息债券市场的流动性,以及有助减低系统风险。
This promotes market-wide use of the Exchange Fund paper, increases the liquidity of fixed-income market and helps reduce systemic risk .
自从2002年2月以来,我国债券市场上的利率风险逐步升温。
Since February in 2002, interest rate venture of Chinese debenture market is gradually rising.
此次讲座将探讨债券市场的透明性等问题,如何管理信息和风险,各自的优势和劣势又是什么等问题。
This lecture will talk about issues on transparency & security markets, how we should think about information and risk management, advantages and limitations.
本文通过研究企业债券的信用价差,来认识企业债的信用风险,有利于债券市场信用风险的管理。
In this thesis, we will study the credit spread in order to understand the credit risk of corporate bonds, and to promote the credit risk management in the bond market.
由于缺乏统一的债券市场,欧洲债市的吸引力不及美国,而希腊和葡萄牙等欧洲国家的债务违约风险显然更高。
Europe's lack of an integrated bond market makes it less attractive than the U. S., and the risk of default in countries like Greece and Portugal is clearly higher.
市场媒介的缺乏使得对债券市场的系统风险进行多样化将会很困难。
The lack of market intermediaries makes it difficult to diversify bond market's systematic risk.
信用衍生产品自问世以来在分散金融机构信用风险、完善信用风险定价机制、提高债券市场流动性等方面发挥了积极的作用。
Credit derivatives have been playing an important role in diversifying credit risk, improving credit risk pricing mechanism, enhancing bond market liquidity etc.
信用衍生产品自问世以来在分散金融机构信用风险、完善信用风险定价机制、提高债券市场流动性等方面发挥了积极的作用。
Credit derivatives have been playing an important role in diversifying credit risk, improving credit risk pricing mechanism, enhancing bond market liquidity etc.
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