發(fā)展買斷式回購，完善我國國債回購市場.pdf

1、梗里大學(xué)碩士學(xué)位論文學(xué)校代碼t學(xué)嚀：發(fā)展買斷式回購，完善我國國債回購市場院系：經(jīng)濟(jì)學(xué)院專業(yè)：姓名：指導(dǎo)教師：完成日期：金融學(xué)沈文春張瑞德副教授2005年5月17日朱銷。零10246022015150AbstractRepurchaseagreements(repo)isaderivativeofbondtradebetweenspotmarketandfuturesmarketRepomarketisallimportantpartof

2、bondmarketIndevelopedcountries，repoisadominatingtoolofthecentralbankinopenmarketParticipantsalsouseitasanimportanttoolinarbitrageandassetsmanagementInthisarticle，first，wetalkabouttheconceptofmpoandtheoriesconcemedActuall

3、yrepoisaspottransactionplusforwardWealsoexpatiateontheroleofrepoasatoolinopenmarketandarbitrage，asabondbetweenmonetarymarketandcapitalmarketWeespeciallystressitsroleinchinafinancialsystemSecond，weintroducethedevelopmento

4、frepointheUS，UKandGermanyandpointoutthattheirexperienceshaveagreatuseasareferenceInmaturemarkets，repohasbeenagreattoolinopenmarket，arbitrageandfluiditymanagementTheirrepomarketCanbeamodelforthatinOurcountryThird，welookba

5、ckonthedevelopmentcourseofrepoinChinaandpointouttheproblemsinChinarepomarketAsastrikingpoint，weelaborateontheproblemswhicharebroughtbycollateralrepoThecollateralrepohasimpairedthefluidityanddistortedthepriceinbondmarketS

6、omefallaciousarrangementshavebeenmadeu∞ofbyviciouspeopleInthissectorwebringforwardthatinordertoestablishaconsummaterepomarket，buysellreposhouldbedevelopedWedetailtheadvantageofbuysellrepoInthelastpart，weanalyzetheproblem