中國資產(chǎn)證券化的風(fēng)險(xiǎn)揭示與定價(jià)模型探析.pdf

1、山西財(cái)經(jīng)大學(xué)碩士學(xué)位論文中國資產(chǎn)證券化的風(fēng)險(xiǎn)揭示與定價(jià)模型探析姓名：張婧申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：金融學(xué)指導(dǎo)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