摘要
该文通过借鉴国外成熟金融市场的类似样本数据——Libor与国债、企业债之间的信用利差水平,来探讨我国3M Shibor的合理价格水平。虽然该经验数据在中国应用有一定的局限性,但随着市场信息的融合以及Shibor市场基础的不断完善,Shibor的报价水平必将愈趋合理。
This paper discusses the reasonable level of 3M Shibor prices in China, using sample data in mature financial markets, that is, credit spread between Libor and T-bonds and corporate bonds. Despite the limited applicability of these empirical data in China, th＇e quotes for Shibor are sure to become increasingly reasonable with the integration of market information and improvement of market basis for Shibor.
出处
《中国货币市场》
2008年第9期52-54,共3页
China Money
