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.
不均衡的经济正表现为市场情绪的剧烈波动。高盛的威尔逊说,这一点在短期债券市场最为明显。
The uneven economic performance is translating into frequent sharp reversals of sentiment in markets. Goldman's Mr. Wilson says it is most evident in the short-term bond markets.
证券交易的执行成本是信息不对称和市场供需不均衡时投资者买卖证券的风险补偿,是资产定价和市场微观结构的重要研究课题。
This paper builds on and extends existing literature on execution cost and expected return in quote - driven stock markets where market makers play a leading role in determining bid - ask spreads.
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