信用利差(即高于无风险利率的风险溢价)被放大到前所未有的程度,并且导致股票市场充斥着恐慌情绪。
Credit spreads-that is to say, the risk premium over and above the riskless rate of interest-widened to unprecedented levels and eventually the stock market also was overwhelmed by panic.
对于股票市场2010年的展望取决于中央银行会否退出市场,以及这对于利率和风险溢价的影响。
The outlook for stocks in 2010 depends on whether central Banks move out of the markets and what that means for interest rates and risk premiums.
结果表明,我国A股股票的实际风险溢价为负,股票市场存在较大的投机性泡沫。
Our research showed that the real risk premium of A shares was negative and there speculate bubbles in the Chinese stock market during 1997~2001.
应用推荐