Until last year credit-default swaps (CDSs) were hailed as a wonder of modern finance.
直到去年，作为一个现代金融奇迹，信贷违约掉期(CDSs)还在接受欢呼。
Answering this question requires grappling with one of the most fundamental debates in modern finance.
回答这个问题先要试着解决现代金融一个最根本的争论。
One by one, the claims made by modern finance have been tested during this crisis and usually found wanting.
现代金融业做出的主张在这场危机中正一个接一个的受到检验，并且通常都被发现不尽如人意。
Bankers and investors need to suffer precisely because the methods of modern finance have been found wanting.
正因为大家发现，现代金融手段有缺陷，所以银行家和投资者才不得不蒙受损失。
THE marvellous edifice of modern finance took years to build. The world had a weekend to save it from collapsing.
人们花了好些年才建起了现代金融的炫丽大厦，却要在一个周末之内防止这座大厦轰然倒塌。
Information?Noise?Bubble?--Summary of frontier questions of modern finance;
信息?噪音?泡沫?——现代金融学前沿问题综论。
We should strengthen the construction of social credit system as it is the base of modern finance.
良好的社会信用是现代金融业运行的根基，应当大力加强社会信用制度建设；
In the modern finance management, the fund is one of the very important assets of the enterprises.
在现代财务管理中，资金是企业的一项十分重要的资产。
21st century will shift the focus of world economy to modern finance and intellectual property rights.
21世纪，世界经济运行的重心将转向现代金融业和知识产业。
As a form of modern finance, it is the nature of capital that differentiates venture capital from traditional one.
风险投资是现代金融的一种形式，与传统金融主要区别即在于资金的属性。
The credit company and other kinds of public credit system is a guarantee to the good operation of modern finance system.
征信公司和公共征信系统是现代金融体系良好运作的制度保证之一。
Academe gave great emphasis to EMH, and made EMH be the bedrock of the theory and practice of modern finance and accounting.
这一假说迅速得到学术界的广泛重视，并成为现代金融、财务与会计实务和理论研究的基石。
That leads to the critics’ third point: that far from enhancing economies’ resilience, modern finance has added to their instability.
由此引出了批评者的第三点：不但没有增强经济的抵抗力，现代金融加剧了它们的不稳定性。
This paper summarized the new characteristics and new changes of modern finance relative to traditional finance from 14 respects.
本文首先从14个方面概括了现代金融相对于传统金融的新特征、新变化；
Trust industry is one of "the four pillars of modern finance". Trust system plays a very important role in economics all over the world.
信托业是现代金融业中的四大支柱产业之一，信托制度在现代各国经济中起着十分重要的作用。
Third, to the extent that modern finance does bear the blame, what is the balance between its costs and its benefits, and how can it be improved?
第三，考虑到现代金融的担责范围，其成本与收益的平衡点在哪里，如何才能对其进行改善？
More troubling to proponents of modern finance was the crippling impact on market liquidity of uncertainty about the scale of risks and who held them.
对于现代金融的支持者而言，更大的麻烦是关于风险水平及其归宿的不确定性对市场流动性的致命影响。
But clearly the tools of modern finance could certainly help make poor nations prepare for and respond to all manner of natural disasters big and small.
不过，显然，现代金融工具肯定能帮助贫穷国家作好准备，以应对大大小小各种形式的自然灾害。
With the rising of volatility in the stock market, risk management has been the main research area of finance engineering and modern finance theory.
随着金融市场波动性的不断加剧，风险管理逐渐成为金融工程和现代金融理论的核心内容。
The Dynamic Asset Share Pricing Theoretical Models are set up according to modern finance theory using Backward Stochastic Differential Equation Theory.
运用倒向随机微分方程数学方法，建立了动态资产份额定价理论模型。
CAPM and APT are two very important securities-pricing models, which simplify the very complex process of portfolio selection as the base of modern finance.
资本资产定价模型和套利定价模型是两个非常重要的有价证券市场定价模型。
Through the stochastic discount factor model, it is easy to understand some classical problems of modern finance, such as arbitrage pricing theory and risk neutral pricing, etc.
现代金融学的许多经典问题，如套利定价原理以及风险中性定价等都可以用随机折现因子模型理解，随机折现因子模型是资产定价模型的统一框架。
Asset pricing is considered as the core of modern finance; it involves puzzles such as the equity premium puzzle and the risk-free rate puzzle, which have attracted an extensive research interest.
资产定价既是现代金融的核心，也是许多困惑之所在，其中最著名的就是股权溢价之谜和无风险利率之谜。
Involved Industries: Modern Finance such as: Band and Securities; New Service Industry such as Information Service, Agent Organization and Training.
涉及行业：银行业、证券业等现代金融业；信息服务、中介机构和培训等新兴服务业。
Involved Industries: Modern Finance such as: Band and Securities; New Service Industry such as Information Service, Agent Organization and Training.
涉及行业：银行业、证券业等现代金融业；信息服务、中介机构和培训等新兴服务业。
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