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Chinese Abstract: CAPM 所在的资本市场是非完全的,并且是 一 个 Hilbert 空间,我们找出了该市场中 SDF 模仿支付的显式表达式。纯风险证券的局部均衡中,CAPM 公式成立,CAPM...
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's markets for investment and credit. An ETPL's underlying is a standardised commercial bank loan. With loan issue it is ‘pieced …
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English Abstract: The authors review the availability and allocation of commercial credit in China, the investment …
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both academia and policy makers. Beyond traditional on-balance sheet bank loans and bond investment, how did shadow banking …
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