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評論衍生性金融商品教科書與闡述資產訂價基本定理 (Reviewing the Textbooks of Derivatives and Demonstrating the Fundamental Theorem of Asset Pricing)

Liu, Jen-Chang - 2019

English Abstract: Risk-neutral valuation is the foundation of modern derivative pricing theory. However, Chinese …

Persistent link: https://www.econbiz.de/10012904937

無套利市場、完全市場與風險中立機率的唯一存在 (An Arbitrage-Free and Complete Market and the Unique Existence of Risk-Neutral Probabilities)

Liu, Jen-Chang - 2019

English Abstract: The fundamental pricing theory of derivatives is based on the assumptions of arbitrage-free and … with two assets and two states provides an intuitive and concise way to interpret this theory. As a result, English …

Persistent link: https://www.econbiz.de/10012861649

Introducing the Exchange Traded Pieced Loan – An Asset-Backed Security Design with Chinese Characteristics

Bußmann, Richard - 2014

English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

Persistent link: https://www.econbiz.de/10013053830

Reviewing Credit and Banking in Contemporary China : A Call to Action

Bußmann, Richard - 2014

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...

Persistent link: https://www.econbiz.de/10013057291