摘要
20世纪80年代以来,住房抵押贷款证券化(MBS)在我国有了长足的发展,为了对住房抵押贷款证券化产品进行合理定价,本文引入CAPM模型来确定正确反应证券风险的贴现率,并且分析了CAPM模型的产生以及发展过程,最后对其进行动态的修正。
Since 1980s,housing mortgage loan securitization(MBS) had a considerable development in our country,In order to carry on the reasonable fixed price to the housing mortgage loan securitization product,this article introduces the CAPM model to determine the discount rate which can reflect negotiable securities risk correctly,and has analyzed the CAPM model production as well as the developing process,finally carries on the dynamic revision to it.
出处
《基建优化》
2007年第5期111-113,共3页
Optimization of Capital Construction
