查询词典 arbitrage in securities

We study the relationship of martingale and arbitrage in securities markets with transaction costs and solvency in this paper, and obtain some significative results.

对带有交易费用和偿付约束的金融市场套利与鞅的关系问题进行了研究，得到了一些有意义的结果。

As Wall Streeter Ray DeVoe says:"Fools rush in where angels fear to trade." We will engage in arbitrage from time to time - sometimes on a large scale - but only when we like the odds. o Leaving aside the three convertible preferreds discussed in the next section, we substantially reduced our holdings in both medium- and long-term fixed-income securities.

除了后面会提到的三项可转换特别股投资之外，我们大幅减少在中长期的固定收益债券部位，尤其是长期部份，大概就只剩下华盛顿公用电力系统债券，去年我们处分了部份当初以相当低折价买进的低收益债券，处分价格与一般信用评等佳的债券差不多，是 www.buffettism.com 巴菲特研究中心

The first chapter of the thesis topics background analysis, a comprehensive grasp of the relevant literature, in-depth study of the question for laid a solid foundation; Chapter II from the perspective of China"s securities market, in-depth study of the volatility in the securities markets; Chapter III from Marcovitz portfolio theory, the capital asset pricing model and the arbitrage pricing theory systematic comparison, in-depth study of the International Securities Market Association theoretical basis, and then focus on the quantitative study of China"s emerging stock markets and the relevance of the surrounding market; this chapter use GARCH model family, pulse function, VAR model, market-related parameters , a smooth test, cointegration test, Granger causality test methods measure the volatility in the securities markets and the correlation with the degree of peripheral markets; Chapter IV in the face of China"s securities market volatility and market linkages with neighboring under the influence of the Chinese securities market from the current state of development of expounding China"s Permit Certificates of inevitability of the international market, Chinas securities market and to avoid the risk of the corresponding policy recommendations.

第一章系统分析论文的选题背景，全面掌握了相关的文献，为深入研究本问题奠定了坚实的基础；第二章从我国股票市场自身角度出发，深入研究我国股票市场的波动特性；第三章从马科维茨资产组合理论出发，对资本资产定价模型和套利定价理论进行系统比较分析，深入探讨了国际股票市场关联的理论，随后着重定量研究了我国新兴股票市场与周边市场的关联性；本章使用市场相关参数、平稳性检验、协整检验、Granger因果检验等计量方法测度了我国股票市场波动及与周边市场的关联程度；第四章基于我国股票市场波动及与周边市场的关联影响，从我国股票市场目前发展状况出发，阐述了我国股票市场国际化的必然性，并为我国股票市场的风险规避提出了相应的政策建议。

Secondly, in the fourth section, the three-branch utility indifference pricing models in the multiperiod securities markets,two-period pricing models when existent non-tradable assets and one of special mix models are studied.At the same time, analyse and compare the result of the special mix models.In particular,this paper obtain that the utility indifference pricing is same to the no-arbitrage pricing,thus it prove the paper conclusion accuracy in the certain degree.

其次，在本文的第四章中，研究多时段三叉树效用无差别定价模型以及存在不可交易资产的二期定价模型；研究了一类特殊混合定价模型，并对这些定价结果进行了分析，在特殊情况下，得到的效用无差别定价与无套利定价是相同的，从而，在一定程度上反映了本文结论的正确性。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。