Secondly, we estimated volutation used GARCH(1,1) considering the return rate fluctuation.

然后考虑到收益率波动的时变性，用GARCH（1，1）模型来估计波动率。

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We discover they have a relationship between the exchange rate fluctuation and the fluctuating price of real estate.

通过二者的共性和特性的分析，发现汇率波动与房地产价格波动是有一定关联性的。

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Second, the core of this study is: path analysis of how interest rate fluctuation impacts on the insurance conglomerates.

其次，本文研究的核心是：利率波动对保险集团影响的路径分析。

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Interest rate fluctuation has worked to make money artificially cheap in certain periods since the Fed inherited total control of monetary policy in 1971 after the dollar was delinked from gold.

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Morgan can do complex calculations that were prohibitively expensive and time-consuming, such as running a trade through scenarios for both interest rate fluctuation and market volatility, rather than looking at just one variable at a time.

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This loss includes an impact from the fluctuation of exchange rate.

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