不确定性条件下股票质押贷款基本问题的探讨

A STUDY ON STOCK MORTGAGE LOAN'S PROBLEM UNDER THE UNCERTAINTY

探讨了在不确定条件下商业银行质押贷款的决策行为 ,并建立了股票组合质押贷款的优化模型 .在此基础上 ,通过对该模型的修正和经济意义的解释 ,1)拓宽了模型的应用范围 ,弥补了传统技术分析和基本面分析严重脱节的缺陷 ;2 )对信息不对称条件下商业银行的行为作出了理论解释 ;3)解决了流动性风险和市场风险对质押贷款组合的不同影响的问题 ;4 )推导出了质押率的理论区间 .

The behavior of commercial banks under uncertainty is studied, and the optimum models of the stock mortgage loan portfolio are proposed. By modifying the model and explaining its economic meaning, 1)to widen the scope of its usage and remedy the defect for the technology analytics and the basis analytics not to meet, 2)to explain the banks behavior theoretically under the information asymmetry, 3)to interpret the different influence on which the market risk and the liquidity risk exert,4)to derive the theoretical scope of the mortgage rate.