中國資產證券化的風險揭示與定價模型探析.pdf

1、山西財經大學碩士學位論文中國資產證券化的風險揭示與定價模型探析姓名：張婧申請學位級別：碩士專業(yè)：金融學指導教師：李鎖云2007-03-254Abstract Asset securitization is a kind of major financing technology of emerging in the tide of financial innovation. It is, in the recent

2、 30 years, one of the most important and abiding financial innovations and financial instruments in the field of finance. With the deepening of the economic system reform in china and the acc

3、eleration of international economic process of integration, we should fully utilize the finance innovative instrument of asset securitization. It not only helps to reduce the slow assets rate of the fin

4、ancial institution in china, and improves their own competition, but also is favorable to the reform of the investment and financing system and the adjustment of economic structure in china. I

5、t will tamp the financial foundation and complete the financial system. However, It is inevitable that the risks will turn out during the processing, such as: rate risk, prepayment risks, credit risks,

6、supported credit risks and the quality of the basic assets, which not only affect the profit of the originators of the assets, but also the profit of the investors. Through the study of the

7、 processing and the environment of asset securitization, The paper is aimed to provide an useful risk pricing model of asset securitization which could contain the various risks talked above. 【K