我国利率衍生品的风险形成与防范研究
发布时间：2019-01-28 18:48
【摘要】：利率衍生品是金融衍生品的重要组成部分，是金融深化和金融创新的产物。利率衍生品的产生为经济主体规避利率风险，提高资金利用效率提供了新的途径。随着我国利率市场化进程的不断推进，市场主体面临的利率风险水平逐渐提高，无论是实体经济还是资本市场都面临着强烈的风险规避需求，这种需求为我国利率衍生品的推出和发展提供了动力。 本文从利率衍生品的基本概念入手，研究了利率衍生品的风险及其属性，然后对我国利率衍生品的风险形成机理进行了分析，包括了利率衍生品风险形成的环境、利率衍生品风险的形成过程及传导路径。在此基础上，结合我国的实际情况分析了我国利率衍生品的风险状况以及风险管理的现状，并针对我国利率衍生品市场存在的风险提出了具有针对性的防范对策。 利率衍生品市场的发展是一个循序渐进的过程。目前我国利率衍生品市场正处于发展初期，与国外成熟的利率衍生品市场相比，各种交易制度和监管措施尚不完善，市场运行风险较高。因此需要加强利率衍生品市场的基础制度建设，不断完善利率衍生品的各项监管措施，提高风险管理和监管的水平，从而不断促进我国利率衍生品市场的发展和完善。
[Abstract]:Interest rate derivative is an important part of financial derivatives and the product of financial deepening and financial innovation. The emergence of interest rate derivatives provides a new way for economic subjects to avoid interest rate risk and improve the efficiency of capital utilization. With the development of interest rate marketization in our country, the level of interest rate risk faced by the main body of the market is gradually raised. Both the real economy and the capital market are facing strong demand for risk avoidance. This demand has provided the impetus for the launch and development of interest rate derivatives in China. Starting with the basic concept of interest rate derivatives, this paper studies the risk and its attributes of interest rate derivatives, and then analyzes the risk formation mechanism of interest rate derivatives in China, including the environment of interest rate derivatives risk formation. The formation process and conduction path of interest rate derivative risk. On this basis, combined with the actual situation of our country, this paper analyzes the risk situation and risk management of interest rate derivatives in China, and puts forward some countermeasures against the risks existing in the interest rate derivatives market in China. The development of interest rate derivatives market is a gradual process. At present, the interest rate derivatives market in China is in the early stage of development. Compared with the mature interest rate derivatives market abroad, various trading systems and regulatory measures are not perfect, and the operation risk of the market is relatively high. Therefore, it is necessary to strengthen the basic system construction of interest rate derivatives market, constantly improve the supervision measures of interest rate derivatives, improve the level of risk management and supervision, so as to continuously promote the development and improvement of interest rate derivatives market in China.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.2
本文编号：2417211
[Abstract]:Interest rate derivative is an important part of financial derivatives and the product of financial deepening and financial innovation. The emergence of interest rate derivatives provides a new way for economic subjects to avoid interest rate risk and improve the efficiency of capital utilization. With the development of interest rate marketization in our country, the level of interest rate risk faced by the main body of the market is gradually raised. Both the real economy and the capital market are facing strong demand for risk avoidance. This demand has provided the impetus for the launch and development of interest rate derivatives in China. Starting with the basic concept of interest rate derivatives, this paper studies the risk and its attributes of interest rate derivatives, and then analyzes the risk formation mechanism of interest rate derivatives in China, including the environment of interest rate derivatives risk formation. The formation process and conduction path of interest rate derivative risk. On this basis, combined with the actual situation of our country, this paper analyzes the risk situation and risk management of interest rate derivatives in China, and puts forward some countermeasures against the risks existing in the interest rate derivatives market in China. The development of interest rate derivatives market is a gradual process. At present, the interest rate derivatives market in China is in the early stage of development. Compared with the mature interest rate derivatives market abroad, various trading systems and regulatory measures are not perfect, and the operation risk of the market is relatively high. Therefore, it is necessary to strengthen the basic system construction of interest rate derivatives market, constantly improve the supervision measures of interest rate derivatives, improve the level of risk management and supervision, so as to continuously promote the development and improvement of interest rate derivatives market in China.
【学位授予单位】：山东财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.2
【引证文献】
相关期刊论文 前1条
1 张凯成;;我国利率衍生品发展现状及对货币政策的影响[J];中国商贸;2013年20期
，本文编号：2417211
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