發(fā)布時間：2019-01-28 18:48

【摘要】：利率衍生品是金融衍生品的重要組成部分，是金融深化和金融創(chuàng)新的產(chǎn)物。利率衍生品的產(chǎn)生為經(jīng)濟主體規(guī)避利率風(fēng)險，提高資金利用效率提供了新的途徑。隨著我國利率市場化進(jìn)程的不斷推進(jìn)，市場主體面臨的利率風(fēng)險水平逐漸提高，無論是實體經(jīng)濟還是資本市場都面臨著強烈的風(fēng)險規(guī)避需求，這種需求為我國利率衍生品的推出和發(fā)展提供了動力。 本文從利率衍生品的基本概念入手，研究了利率衍生品的風(fēng)險及其屬性，然后對我國利率衍生品的風(fēng)險形成機理進(jìn)行了分析，包括了利率衍生品風(fēng)險形成的環(huán)境、利率衍生品風(fēng)險的形成過程及傳導(dǎo)路徑。在此基礎(chǔ)上，結(jié)合我國的實際情況分析了我國利率衍生品的風(fēng)險狀況以及風(fēng)險管理的現(xiàn)狀，并針對我國利率衍生品市場存在的風(fēng)險提出了具有針對性的防范對策。 利率衍生品市場的發(fā)展是一個循序漸進(jìn)的過程。目前我國利率衍生品市場正處于發(fā)展初期，與國外成熟的利率衍生品市場相比，各種交易制度和監(jiān)管措施尚不完善，市場運行風(fēng)險較高。因此需要加強利率衍生品市場的基礎(chǔ)制度建設(shè)，不斷完善利率衍生品的各項監(jiān)管措施，提高風(fēng)險管理和監(jiān)管的水平，從而不斷促進(jìn)我國利率衍生品市場的發(fā)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.
【學(xué)位授予單位】：山東財經(jīng)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F832.2

【引證文獻(xiàn)】

相關(guān)期刊論文 前1條

1 張凱成;;我國利率衍生品發(fā)展現(xiàn)狀及對貨幣政策的影響[J];中國商貿(mào);2013年20期

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本文編號：2417211