体现在“动态随机一般均衡”模型中的主流宏观经济学,不能有效找出金融危机的根源。,使其拥趸对各种金融危机的各种症状毫无准备。
The mainstream macroeconomics embodied in DSGE models was a poor guide to the origins of the financial crisis, and left its followers unprepared for the symptoms.
内容包含三个主要部分:有效率市场假说,资本均衡理论和现代公司金融理论。
The contents contain three main parts: efficient market hypothesis, capital equilibrium theory and modern corporate financial theory.
但是,一系列的金融危机使人们逐渐认识到,信贷市场上发挥作用的不仅仅是利率,非价格机制也会对信贷市场的均衡起重要作用。
But a series of financial crises made it clear in credit market non-price terms of contract can also play an important role to the equilibrium of credit market as well as interest rate.
这是因为在金融市场上,套利的出现是与均衡相矛盾的。
That is because in financial market the emerge of arbitrage is conflict with equilibrium.
股息贴现模型是估计股票内在价值的基本方法,无套利均衡是现代金融理论的基础。
The dividend discount model is the essential method used to estimate the stock intrinsic value. No-arbitrage equilibrium theory is the foundation of present financial theory.
本文提供一种新的设计金融产品的视角,这是基于我国现实中金融市场中诸多的不均衡。
The paper provides a new vision for finance product design, which is based on many conditions of disequilibrium in real finance world in China.
我国现行分业经营制度处于非均衡状态,这就产生了金融业经营制度变迁的客观必然性和推动力。
The current separate operating system in the Chinese finance is in disequilibrium, which produces the objective necessity and driving force for changes in the operating system.
现代金融理论的重要理论基础之一是均衡理论。
Equilibrium theory is one of the important pillars of modern Financial theory.
本文主要研究多期的具有不完全金融市场的纯交换经济一般均衡问题。
In this paper, we consider the general equilibrium in multiperiod, pure exchange economies with incomplete financial markets.
在某一特定时空条件下,金融渗透处于动态的均衡状态。
Under a certain specific space-time condition, the financial permeation is in a dynamic balanced state.
本文分别讨论了两种类型的模型——讨论物品市场、金融市场和劳动力市场均衡的模型和内生经济增长模型。
In this paper, we discuss two types of models — the model that discuss the equilibrium of product market, financial market, and labor market and the endogenous economic growth model.
本文运用达尔文生物进化论思想研究连续交易金融市场选择的动态变化及一般均衡规律。
This paper analyses dynamics and general equilibrium problem of continuous trading market selection by means of Darwin evolutionary ideas.
EMH体现了经济学家们一直梦寐以求的东西,那就是竞争均衡,EMH实际上是亚当·斯密“看不见的手”在金融市场的延伸。
EMH embodied competitive equilibrium which is pursued by economists. In fact, EMH is extension of Adam Smith's "Invisible Hand" in financial markets.
本文立足于我国转型期内的经济金融特征,构造了一个银行资产组合行为的局部均衡模型。
According to the economic and financial characteristics in the transitional period of China, the paper establishes a partial equilibrium model of Banks portfolio behaviors.
本文以宏观经济理论和国际金融为理论指导,以一种新的测算方法来计算人民币均衡汇率。
Based on the theory of macro-economic and international finance, this thesis applied a new method to measure the equilibrium exchange rate of RMB.
同时,由于无风险套利活动的存在将逐渐实现金融市场的无套利均衡,导致我国股票市场的“规模效应”减弱以致消失。
As the same time, it is considered that the non-risk arbitrage result in the non-arbitrage equilibrium in the stock market which make the size effect gradually abate and disappear.
我国农村金融制度供求不均衡,农民资金互助组织是制度变迁的方向之一。
It's concluded that the supply and demand of China's rural financial institution is imbalanced and farmer mutual financing organization is one of the directions of the institutional change.
通过信号传递博弈模型,分析不完全信息下金融中介和投资者定价博弈的均衡。
It analyzes the game equilibrium in pricing mechanism with informational asymmetries between investors and financial intermediaries through a signalling game model.
从金融网络角度,分析多部门间金融工具的均衡问题,建立描述系统均衡规模、均衡价格的模型。
From financial network and analyze the balance problem of financial instrument between the many department and establish the models describing the balance scale and price of system.
建立了加权的不完全金融市场模型,证明了此模型均衡的存在性。
Establish the economical model of weight incomplete real asset markets and prove the existence of the equilibrium.
本文研究了过度自信的投资者在一个多阶段金融市场中是如何影响均衡价格和投资者要求的期望收益的。
The paper analyses how the overconfident investors can produce impacts on the equilibrium asset price and the expect return they asked for in a multi-period trade setting.
通过将利率维持在均衡水准以下,这种政策将会扭曲国内金融体系。
It distorts domestic financial systems, by pushing interest rates below equilibrium levels.
多元化的监管体系和足够的监管资源,均衡投入的监管力量也是成熟的农村金融监管制度必不可少的。
A diversified supervision system, sufficient supervision resources, and the supervision strength with continual investment are indispensable for a mature rural financial supervision system.
金融市场上的中间费用具有不同形态,由此在形成均衡时需满足不同条件。
There are various configurations of intermediate expenditures in the financial market and the equilibrium conditions are different.
在金融系统研究中,经常分析多维时间序列之间的相关关系,如短期信息、长期均衡关系。
In the financial system research, analyze the correlation relations between the multi-dimensional time series frequently, like short-term information, long-term balanced relations.
温和的全球金融市场前景所存在的主要风险是,这样一种前景倚赖各种对立的经济力量处于某种非常细微的均衡。
The main risk to the benign outlook for global financial markets is that such an outlook rests on a very fine balancing of opposing economic forces.
温和的全球金融市场前景所存在的主要风险是,这样一种前景倚赖各种对立的经济力量处于某种非常细微的均衡。
The main risk to the benign outlook for global financial markets is that such an outlook rests on a very fine balancing of opposing economic forces.
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