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In order to capture the volatility-clustering phenomenon of financial asset return, we use AR(1)-GARCH(1,1) model to describe the volatility of financial asset return. Then assume different residual distribution and use the GPD method of extreme value theory to residual term to estimate one-day VaR of financial asset loss.

而为了捕捉金融资产报酬所呈现出的波动丛聚现象,因此我们以AR(1)-GARCH(1,1)模型捕捉波动起伏,并考虑不同之标准化残差项分配和对标准化残差项利用极值理论GPD法去估算金融资产损失率之一日风险值。

In the view of current situation, the author classifies the modules in financial companies and discusses the modes of innovation, the process and the influencing factor of module combination based financial service innovation, trying to provide some theatrical instructions to promote the innovation of the financial companies.

针对这种现状,本文在对金融服务的模块进行分类的基础上,对基于模块组合的金融服务创新模式、创新过程以及其绩效的影响因素进行探讨,以期为促进我国金融服务创新提供理论指导。

Most financial information is subject to some risk of being less than a faithful representation of that which it pu is not due to bias, but rather to inherent difficulties either in identifying the transactions and other events to be measu applying measurement and presentation techniques that can convey messages that correspond with those transactions cases, the measurement of the financial effects of items could be so uncertain that enterprises generally would not financial statements; for example, although most enterprises generate goodwill internally over time, it is usually d measure that goodwill reliably.

大部分财务信息都可能遇到由于它不能完全忠实反映它所拟反映的情况而带来的风险。这并不是由于存有认所要计量的交易和其他事项,或在设计和运用能够传递与那些交易和事项相对应的信息的计量和反映技术上,在某些情况下,对项目财务影响的计量可能是那么地不确定,以致使企业在通常情况下对它们无法在财务报表虽然大多数企业随着时间的推移在内部都会产生商誉,但是要可靠地确认或计量这种商誉,通常是困难的。

Faller has primary responsibility for external financial reporting, internal financial consolidation and reporting, and compliance with applicable financial and accounting laws, regulations, and standards.

Faller负有主要责任的外部财务报告,内部财务合并和报告,并遵守适用的财务和会计法律,法规和标准。

So, an important meaning of this study is just propagating the idea of regional financial innovation, encouraging financial elements fluxion between regions, and being used for reference of economic growth and financial unification.

为此,传播区域金融创新的观念,鼓励区域金融要素流动,为长三角地区的金融融合和经济发展提出理论支持是本项研究的意义所在。

After 1980s, the world financial industry experienced the trend of reforming from the divided industry management to the mixed business management. The main developed countries basically has all completed to the mixing business transition at the end of 20th century and the mixing business management, which has the characteristic of financial institution's full-power, became the mainstream pattern of the international financial circles.

20世纪80年代以后,世界金融业出现了由分业经营体制向混业经营体制转型的潮流,主要发达国家在20世纪末基本上都完成了向混业体制的过渡,以金融机构全能化为特征的混业经营体制成为国际金融业的主流模式。

To establish a public financial framework tailored to the needs of market economy is, and will continue to be for certain period, a fundamental task in further reform of our financial system as well as financial operation system.

逐步建立适应市场经济要求的公共财政框架,是当前和今后一个时期深化我国财政体制和财政运行机制改革的一项基本任务。

He is a CERTIFIED FINANCIAL PLANNERTM Practitioner, a member of The Financial Planning Association, The National Association of Insurance and Financial Advisors and GAMA International.

他是一名注册财务规划师,是财政规划协会会员,是国际保险业和金融业协会的顾问和GAMA国际协会。

The third part introduces effect analysis of financial transfer payment system of our country, through establishing one model of government spending under gradational finance and taxation system, demonstration analyze the effect of the financial transfer paymentsystem of our country and point out the problem and reason that result in depressing the effect of the financial transfer payment system.

再次,我国财政转移支付效应分析,通过建立一个分级财税体制下的财政支出模型,对我国财政转移支付效应的进行实证分析,指出我国财政转移支付制度中导致转移效应弱化的问题和原因。

The high lever of the financial derivative and high risk, in addition to the imperfect of the financial market, the incomplete of the laws and regulations make the risk of the financial derivative higher and having the expanding effect.

金融衍生工具的高杠杆性和高风险性,再加上金融市场的不健全、法律法规不配套以及监管体制不完善等因素的共同作用,使金融衍生工具交易的风险更高并且有扩大效应。

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