利率期限结构理论研究

Study on the Term Structure of Interest Rate

对利率期限结构理论进行了述评 ,传统的利率期限结构主要集中于研究收益率曲线形状及其形成原因 ,而现代研究认为利率的确定受诸多因素的影响 ,各种利率的运动过程均表现出一定的随机性 。

A survey of the term structure of interest rate theory is conducted. The traditional theory focuses on what the yield curve’s shape is and how it forms. From the view of modern study, many factors have effects on interest rates, and every kind of interest rate changes with some random characteristics. Some research status in China are also introduced.