麦金农的负风险溢价理论说明，在流动性陷阱的情况下，日本银行业很难赢利。

Rishi Goyal sand Ronald Mckinnon theory of negative risk premium shows that Japans banks are hard to make profit under the circumstances of liquidity trap.

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从而得出本文的重要结论，噪音交易是流动性风险和流动性溢价产生的原因。

Thus, it can come to the important conclusion in this essay that noise trading is the origin of liquidity risk and liquidity premium.

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从而得出本文的重要结论，噪音交易是流动性风险和流动性溢价产生的原因。

Thus, it can come to the important conclusion in this essay that noise trading is the origin of liquidity risk and liquidity premium.

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