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| 文章出处：中国论文下载中心 发布时间：2005-11-11 |
主要参考文献
1 Das, Sanjiv. Credit Risk Derivatives. Journal of Derivatives, 1995, Spring: 7-23
2 Longstaff, Francis, Eduardo Schwartz. Valuing Credit Derivatives. Journal of Fixed Income, 1995(6): 6-14
3 Blythe Masters. Credit Derivatives and the Management of Credit Risk. The Electronic Journal of Financial Risk, 1998,1(2): 1-16
4 狄卫平,叶翔. 改革与开放中的中国金融业. 清华大学出版社, 1998年1月第一版: 228-260
New Financial Instruments for Controlling Credit Risk：A Brief Introduction of Credit Derivatives
Xiong Xiong Zhang Wei
（Institute of Systems Engineering, Tianjin University, Tianjin 300072）
Abstract Credit risk is one of the risks of making a bank loan or investing in a debt security, which is the risk of borrower default. In this paper， we present the reasons which result in credit risk, and the objects which affected. Then we summarize the variety of traditional methods for managing credit risk. Finally, we systemic analysis the rationale, category and application of the credit derivatives. At last, we examines the risks and regulatory issues associated with credit derivatives. We also make a discussion about the using of credit derivatives in China financial market.
Keywords credit risk derivative security credit derivative
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