金融數學模型 的英文怎麼說
中文拼音 [jīnróngshǔxuémóxíng]
金融數學模型
英文
mathematical model of finance- 金 : Ⅰ名詞1 (金屬) metals 2 (錢) money 3 (古時金屬制的打擊樂器) ancient metal percussion instrum...
- 融 : Ⅰ動詞1 (融化) melt; thaw 2 (融合; 調和) blend; fuse; be in harmony Ⅱ形容詞[書面語]1 (長遠; ...
- 數 : 數副詞(屢次) frequently; repeatedly
- 學 : Ⅰ動詞1 (學習) study; learn 2 (模仿) imitate; mimic Ⅱ名詞1 (學問) learning; knowledge 2 (學...
- 模 : 模名詞1. (模子) mould; pattern; matrix 2. (姓氏) a surname
- 金融 : finance; banking金融比率 financial ratios; 金融呆滯 financial stringency; 金融改革 financial refo...
- 數學 : mathematics
- 模型 : 1 (仿製實物) model; pattern 2 (制砂型的工具) mould; pattern3 (模子) model set; mould patter...
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This dissertation can be divided into three parts as following : focusing on institutional risk control, this dissertation demonstrated the effect of institutional risk on dis " objects by analyzing the relationship between deposit insurance and financial development, financial stability and market discipline, in light of foreign or native primary theory and empirical results of dis. in virtue of statistical method and with the theory of game, this dissertation explored the cause the institutional risk such as moral risk and adverse selection, on the basis of which discussed the approach of controlling institutional risk and proper deposit insurance pattern. because deposit insurance assessment is the core of institutional risk control, this dissertation introduced and discussed deeply the passive casualty - insurance model, the option - pricing model, the game - theory - based pricing model, and reasonable pricing interval, and put forward the hierarchical pricing strategy of dis on the balance of information confiscatory and risk - based - assessment necessity
本文以存款保險制度風險控制為中心,在借鑒國內外關于存款保險制度的基本理論和實證的基礎上,通過分析存款保險與金融發展、金融穩定和市場懲戒等方面的關系,論證了存款保險制度風險對存款保險制度目標的影響;並藉助統計學的方法,運用信息博弈論的觀點,從主要制度參與者? ?投保機構和存款保險機構? ?的效用函數出發,對存款保險所引發的道德風險和逆向選擇等制度風險的成因進行深入的剖析,探討有效控制制度風險的途徑和制度參數的安排模式;由於存款保險定價是制度風險管理的核心問題,本文還專門對意外存款保險消極模型、存款保險的期權定價模型、基於信息經濟學的存款保險定價模型以及合理定價區間等定價模式進行深入分析和詳細評述,闡述各種定價思路的局限性和可能運用的空間,通過權衡信息的充分性和風險定價的必要性,提出存款保險制度的層次性定價策略。To embody the above supposals, prove them by means of mathematical model, replay the historical trace of the formation of financial market and reveal the mechanism of financial market to expedite economic development - these are the cores of this arti cle
本文的重心,就在於將以上猜想具體化,以數學模型的形式證實上述猜想並重現金融市場形成的歷史軌跡,揭示其推動經濟發展的作用機理。Theory of portfolio optimization is an important part of the modern ? nance in - vestment theories, which uses mathematical facilities such as convex analysis, random analysis, nonsmooth analysis, ( nonlinear ) programming etc, combined with the mean - variance method the basic method of modern portfolio theory. by setting up mathe - matical models, discussed the investment rules of ? nance market and o ? ered theoretic guide for investors
投資組合優化理論是現代金融投資理論的重要組成部分,它運用凸分析、隨機分析、非光滑優化、 (非)線性規劃等數學工具,並與現代投資組合理論的基本方法均值方差方法相結合,通過建立數學模型討論金融市場投資規律並為個人或機構投資者提供理論指導。Contents of this course include : basic concepts of financial management, atternative forms of business organization, financial statement analysis, break - even analysis, operating & financial leverages, managing working capital, short - term financing, financial mathematics, capital budgeting & risk, discounter - cash - flow model, fundamentals of securities valuation, cost of capital, capital structure, dividend policy, long - term financing, leases, mergers & acquisitions, holding companies, restructure and liquidation
課程涵蓋了財務管理的基本概念,企業組織型態,財務報表分析,損益平衡分析, ?桿原理,營運資金管理,短期融資,財務數學,資本預算及風險,現金流量折現模型,證券評價基礎,資金成本,資本結構,股利政策,長期融資,租賃,並購,握股公司,重整及清算等重要課題。This thesis explains the necessity of the character recognition technology of the computer at first, describe the meaning in which the handwritten numeral discerns ; pretreatment technology of handwritten numeral recognition, including two value, line segmentation, word segmentation smooth, removing noising, standardization and thinning are discussed two value concretely discusses whole threshold value, some threshold value, dynamic threshold value and utilize space information to carry on threshold, which are several kinds of common method of choosing threshold value, especially utilize space information to carry on threshold value is describe in detail ; adopting to the foundation of thinning based on mathematics morphology, thinning algorithm of serials same and thinning algorithm of protecting shape are discussed ; afterwards, according to principle ' s diagram of the on - line character recognition, by analyzing the structure feature of the handwritten numeral, this thesis has proposed the online recognition te chnology of the free handwritten numeral based on the stroke feature and the online recognition technology of the free handwritten numeral based on the multistage classifying device. detail narrated noise removing, stroke characteristic definition and discernment, distance criterion of whole word match ; then under the foundation of handwritten numeral segmentation, off - line handwritten numeral recognition is researched. especially minimum distance classifying device, tree classifying device and adaptive resonance ( art ) network classifying device is discussed at the same time, believes degree analyses are introduced to integrate a lot of classifying devices ; at the end, the typical application of the handwritten numeral recognition was briefly narrated, its application in extensive data statistics, financial affairs, tax, finance and mail sorting have been explored
二值化時對整體閾值二值化、局部閾值二值化、動態閾值二值化和利用空間信息進行閾值選取幾種常用的閾值選取方法進行討論,特別對利用空間信息進行閾值選取進行了詳細論述;在對通過對基於數學形態學的細化的基礎上,討論序貫同倫形態細化演算法和保形的快速形態細化演算法;然後依據聯機字元識別原理框圖,分析了手寫數字的結構特點,提出了基於筆劃特徵的任意手寫數字在線識別技術和基於多級分類器任意手寫數字在線識別技術,對其中涉及的筆劃識別前的噪聲處理、筆劃間特徵量的定義及識別、整字匹配的距離準則進行了詳細敘述;繼而在對手寫數字的分割的基礎下對脫機手寫數字識別進行了研究,對基於最小距離分類器字元識別、基於樹分類器的字元識別、基於自適應共振( art )網路的字元識別分別進行了詳細討論,並引入置信度分析將多個分類器進行了混合集成;最後簡單闡述了手寫數字識別的典型應用,對其在大規模數據統計、財務、稅務、金融及郵件分揀中的應用進行了探索。The traditional economy theories, such as the monetary theory of keynes, friedman and harrod - domar growth model, discussed the role of finance in economy growth from different aspects. in addition, the dispute between finance deepening theory and finance restrain theory is what government should do in the financial development. the theory of modern financial development studies how the financial structure works on the industrial structure by researching on the evolvement of financial institutions and financial markets
根據馬克思在《資本論》中的闡述,可以得出金融資源參與產業資本循環是社會化大生產的必然要求的結論;在傳統西方經濟學理論中,凱恩斯的貨幣經濟理論、弗里德曼的新貨幣數量說和哈羅德-多馬模型等理論分別從不同角度論述了金融在經濟增長中的作用;金融深化理論與金融約束理論之爭引導人們開始探索政府在金融發展中的作用問題,而當代金融發展理論則從金融機構與金融市場的形成機制角度,探討了金融結構對產業結構的影響。Considering the real situation in china ’ s securities business, this paper modifies camp. based on “ loss aversion ” and “ house money effect ” in behavioral bias theory, this paper builds a new model on investor behavior using the theory of fuzzy mathematical to simplify camp
結合中國證券市場的實際情況,本文重新對投資組合理論進行修正:以行為金融關于「損失厭惡」和「私房錢效應」兩個有限理性偏差為理論基礎,利用模糊數學理論對投資者組合理論進行簡化,構建了一個新的投資者行為模型。Financial economists have labored for decades to develop a successful model explaining the workings of the stock market. despite all their efforts, that model remains elusive
數十年來,金融經濟學家一直試圖開發出一種能夠成功解釋股票市場運作方式的模型。但是盡管他們做了種種努力,迄今為止,這樣的模型依然有如鏡花水月。The behavioral finance pays much more attention on the significance of financial market rather than the difference of individual investment decision. the aim of analyses is to find how the security prices and the market functions, the systematical cogitive biases results in the deviated reaction to the stock price information, the irrational noises trade results in the huge volatiltiy
本文將心理學與數理經濟學結合起來,創造性地建立了四個描述性模型,刻畫了投資者實際上是如何決策的、股票價格是如何反應的、市場是如何運行的,同時也回答了行為金融學最本質的問題,充分地發揮了行為金融不能預測經濟只能解釋經濟的功用。First, the author reviewed the related literature of asset securitization, explained the connotation and the economical significance of asset securitization from many angles, analyzed several essential technologies of asset securitization through using the enterprise financing theory, the financial theory, the system economic theory and the law of averages, constructed a flow chart to analyze the structure and the flow of the operation of asset securitization ; then the author analyses the overseas development tendency as well as the overseas concrete procedure of non - performing loans securitization, proposed several enlightenment ; once more, the author analyzed our country ’ s feasibility of npls, then elaborated emphatically the operation thought of npls of our country commercial bank : regarding the establishment of spv, thought that it most suit the our country current national condition current through pouring the capital to adopt company spv the pattern in our country by the national property management company, and elaborated how to construct and manage the property pond, put forward many kinds of ways of credit enhance for non - performing loans, thought it is the best choice that the product of npls is designed for cmo, the senior bond adopts the public issue, the secondary bond adopt private issue
首先,本文回顧了資產證券化研究的相關文獻,從多個角度闡釋了資產證券化的內涵和經濟意義,運用企業融資理論、金融理論、制度經濟學理論和大數定律剖析了資產證券化的幾項關鍵技術,構建了一個資產證券化流程圖來分析資產證券化運作的結構與流程;接著通過分析國外不良貸款證券化發展趨勢以及具體做法,提出了幾點啟示;再次,分析了我國不良貸款證券化的可行性,然後著重論述我國商業銀行不良貸款證券化的運作思路:對于spv的設立,認為在我國由國家資產管理公司注資採取公司型spv的模式最適合我國當前的國情;並論述了資產池的構建與管理;提出了對不良貸款進行信用增級的多種方式;認為將不良貸款證券化產品設計為抵押擔保債券,高級債券採取公開發行,次級債券採取私募發行是最佳選擇。Professor sir clive granger is a pioneer in the field of time series analysis and econometrics. he received the 2003 nobel prize in economics for his contributions to methods of analyzing long run relationships in economic time series, a discovery which was a major breakthrough. his models have become indispensable tools for macro - economic forecasts, evaluation of risks and analysis of the financial markets
格蘭傑教授是計量經濟學及時間序列分析的大師,他以研究經濟數據之間的長遠關系即:協整cointegration模型獲2003年諾貝爾經濟獎,為經濟學上一重大突破,他發明的分析模型被廣泛應用於宏觀經濟預測分析風險評估及金融市場的分析。In financial mathematics, the implied volatility of an option contract is the volatility implied by the market price of the option based on an option pricing model
在金融數學里,一個期權和約的隱含波動性是根據期權定價模型由市場價格所暗示的波動性。In the first chapter, we narrate the characteristic of convertible bond, give some clues about development and actuality of the market and its pricing theory ; in the second chapter, we introduce modeling idea and some material problems in the model in detail, draw the yield curve which is very important to the model by spline method ; in the third chapter, we first explain the basic idea and convergent speed of monte carlo method, then, give the mathematical description for financial market, prove equivalence of non - arbitrage market, existence of risk neutral probability measure in the market and the price process of underlying asset is a martingale ; in the forth section, we introduce how to simulate stock price path by monte carlo method in detail, based on foregoing result, we prove the path is a martingale, thereby, the model is logical
本文第一章先對可轉債的特點、市場發展和現狀及其定價理論的發展和現狀作一概述;第二章詳細介紹了建模思想和模型中的一些具體問題,利用spline方法繪出了在模型中具有重要作用的收益曲線;第三章首先敘述了montecarlo方法的基本思想和有關其收斂速度的一些性質,然後從數學的角度給出了對金融市場的描述,證明了市場無套利、市場存在風險中性概率測度及標的資產價格過程為鞅的等價性;在第四節中,對用montecarlo方法模擬的帶跳股價路徑作了詳細介紹,並利用前兩節的結論證明了模擬的帶跳股價路徑為一個鞅過程,從而保證了模型在理論上的合理性。First, there is no specific parameter for quantization ; second, the effects of transaction fee are ignored ; third, because these models are equilibrium models, they can ’ t reveal many of the prosperities observed in empirical markets, such as fat - tails, long - range correlations in volatility, etc. in the process of i study financial economics, when the teacher xu jia - gen to speak the price of the stock market to visit the distance examination and the artificial intelligence models, i think, if mathematics combines with the calculator. ( i studied mathematics four years in the southwest normal university ). the stock market price exercise regulation will easily confidence
首先,沒有用具體的參數來量化股市的行為,其次,它們都忽略了交易費對股市的影響,第三,由於這些模型都是均衡模型,無法展示實際市場回報分佈的特點,諸如「肥尾」現象、集群波動等。在我學習金融經濟學的過程中,徐加根老師講到股票市場價格的遊程檢驗與人工智慧模型時,我想,如果數學與計算機的結合(在西南師范大學學習了四年數學) ,股票市場價格運動規律就容易把握了。Underlying the assumption that the stock price accords with the model of the stock price fluctuating sources, by comprehensivily applying the stochasitic differential theory and no - arbitriagc thcory, this paper, under the conditions that the risk - free rate r is constant or ito stochasitic process, successively works out the option pricing about the stock price model with that the short - term profit function is piecewise lecture function arid that one with that the short - term profit function is possion jump process, derivats counterpart partial differential equation of option pricing. the outcome states : 1. when the short - term profit function is unusual flunctuating sources bring out a piecewise lecture function, this amendment on the lognormal distribution model does not improve the option price, because this partial differential equation of option pricing is the same one underlying the lognormal distribution model ( see equation 2. 14 )
本文基於股價符合波動源模型的假設,綜合運用隨機微分理論等數學原理和無套利理論等金融理論,依此對短期收益率函數為分段階梯函數和possion跳躍過程的股價波動源模型分別在無風險利率是常數和隨機過程的條件下作了期權定價,推導出了相應的期權定價偏微分方程,結果表明: 1 、由異常波動源帶來的短期收益率函數是分段階梯函數時,這種對股價對數正態分佈模型的修正不能改善期權價格,因為基於這種模型的期權定價偏微分方程與基於股價對數正態分佈模型的期權定價偏微分方程完全相同(見方程2 . 14 ) 。The models of the stock price fluctuation is a mathematics model discribing the fluctuation of the stock price, it is all along the question financial scholars research over a long period of time, the models existing at present are mainly the model of randonm walk and the model of lognormal distribution etc. economists analyse the two models by authentic proof, which indicates that this two models do not fully qualify the actual stock market. in view of the above - mentioned facts, at the time some scholar have studied a new model of the stock price that even conforms to the actual stock market - that is the model of lognormal distribution
股票價格波動模型是用於描述股票價格波動的數學模型,一直是金融學者們長期研究的問題。目前存在的模型主要有隨機遊走模型、對數正態模型等,鑒于股價波動的隨機遊走模型和對數正態模型均經過實證分析,表明不完全符合現實的股票市場,目前理論研究者提出一種更符合實際股票市場的股價模型-股價波動源模型(文[ 5 ]的作者將股價異常變化帶來的短期收益率函數附加在幾何brown運動上,推廣了對數正態模型)及研究出了另一種混合形式下(見文[ 15 ] )的期權定價方程。In order to solve the conflict of supply and demand, firstly, this particle discusses the characters of the national budget investment the emission of stock, attracting foreign capital and invest direct, domestic banks " loan, international financial organizations and foreign governments " loan, and the emission of bond, the bot mode and other financing manners. also, the particle analyses the resources of each financing manner and characters concretely. then, it analyses the scale, cost, construction and manner of highways " raising project, and it emphasizes banks " loan domestic and overseas, the emission of stock and bond, the attornment of highway ' s charge rights, the capital cost of bot financing manner, and uses the model to calc ulate the compositive capital cost, then build the worst ( in the worst environment hypothetically ) and the best scheme ( in the best environment hypothetically ) accordingly, after the comparison, we can obtain the status of the project ' s net cash flux, the debt ' s endurance capability, income and a series of data in any possible state, so that to get the optimized scheme and prepare for the scientific decision
為了解決資金的供需矛盾,本文首先論述了國家預算內投資、發行股票、吸收國外資本直接投資、國內銀行貸款、國際金融組織和外國政府貸款、發行債券、 bot方式等融資渠道的特點,具體分析了各融資方式的資金來源渠道及它們的特點;接著分析了公路項目籌資的規模、成本、結構和方式,重點分析國內外銀行貸款、發行股票和債券、轉讓公路收費權、 bot融資方式資金成本,用模型的方式具體計算綜合資金成本,建立相應的最差方案(在假設的最差條件下)和最佳方案(在假設的最好條件下)與之進行比較,獲取在各種可能條件下的項目凈現金流量狀況、債務承受能力和收益情況等一系列數據,確定整體最優方案,為科學決策做準備。Shareholder structure as a systemic error left over from history and our capital markets unique structural problems besetting china ' s long - term development of capital markets. excessive concentration of state - owned shares in the securities market in our country seriously affected the efficiency and the optimal allocation of resources in scientific management structure of listed companies to establish. may 2005, has more than 10 years of china ' s securities market, shareholder structure issue finally started
本文基於現代金融學無套利分析理論框架和數理模型方法,結合兩批46家試點公司的實際,從公司績效與股權分置關系、合理對價方案設計、投資主體間的博弈分析以及財富再分配效應等方面,系統研究股權分置改革所涉及到的經濟學問題。Technology does not only manifest itself in web and wires, but also in the rarefied area of financial engineering, with advanced mathematical models and complex equations developed to price new derivative products
科技不但應用於網路及電纜通訊,更應用於金融工程設計,有關的專業人士不斷發展先進的數學模型及復雜的公式,以為新的衍生工具定價。Panel data model is an important linear model in economics, finance, biology, medicines and other fields. in recent twenty years, statistical in - ferrence about this model attracts many statisticians. in this paper, we first generalize the latest development of parameter estimation in this field, then focus on parameter estimation in the panel model with individual effect and time effect. many articles researched the parameter estimation of the regression coefficents in the case that both individual effect and time effect are random, but in some conditions, it is more reasonable if we suppose either of them is fixed. this paper is based on this hypothesis to research the estimations of the coefficents. the variance - covariance matrix still include parameter of variance in this condition, so our purpose is to look for feasible estimations
Panel數據模型是一類具有重要應用的線性統計模型,它在經濟、金融、生物、醫學等領域都有廣泛的應用。近二十余年來,關于這種模型的統計推斷吸引了很多統計學家。本文首先概述了這一領域參數估計方面的最新發展,然後集中討論了既含有個體效應,又有時間效應的panel數據模型的參數估計。分享友人