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人民币远期汇率的定价问题 被引量:1
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作者 徐振华 《学术论坛》 CSSCI 北大核心 2008年第11期113-116,共4页
2005年7月汇改以后,中国人民银行全面开放了远期结售汇业务并在银行间市场开办了人民币外汇远期交易。远期汇率的定价在新的汇率形成机制下成为日趋重要的问题。文章基于利率平价理论和单边套利法探讨了目前人民币远期汇率的定价机制,... 2005年7月汇改以后,中国人民银行全面开放了远期结售汇业务并在银行间市场开办了人民币外汇远期交易。远期汇率的定价在新的汇率形成机制下成为日趋重要的问题。文章基于利率平价理论和单边套利法探讨了目前人民币远期汇率的定价机制,分析了我国远期外汇交易中存在的具体定价问题,提出了相应的建议。 展开更多
关键词 单边套利法 利率平价 远期汇率
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Fenlong Cultivation-the Fourth Set of Farming Methods Invented in China 被引量:17
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作者 韦本辉 《Agricultural Science & Technology》 CAS 2017年第11期2045-2048,2052,共5页
The basic theory and effect of the new farming method of "Fenlong" cultivation which has been included in the main extension technology of Ministry of Agriculture of the People's Republic of China is fully illustra... The basic theory and effect of the new farming method of "Fenlong" cultivation which has been included in the main extension technology of Ministry of Agriculture of the People's Republic of China is fully illustrated for the first time, and it is the fourth set (generation) of farming modes and methods following manpower, animal and mechanical (tractor) farming. It follows the natural law to achieve soil activation, water saving, oxygen increase, warming and desalination through the active use of natural resources like soil, rainfall and solar energy, thereby promoting a new round of natural agricultural production and quality improvement and water con- servation, which has crop yield increase by 10%-30%, quality improvement of 5%, natural precipitation retaining increase by100%. The characteristics and mechanism are the use of spiral drill for one-time completion of the land preparation by drilling vertically to 30-50 cm of soil layer through high speed peeling. After instant high temperature and many fierce impacts, mechanical frictions, it could achieve the multiplication of the number of loose soil, soil physical modification and expansion of the soil nutrients, reservoirs, oxygen, microorganisms ("Four pools"). Fenlong cultivation can give birth to new farming culture and civilization, and it can achieve the physical "desalinized" transformation and utilization of saline soil. The formation of Fenlong green farming technology system makes it possible to invent the farming tools of "serf-propelled Fenlong machinery" that has got the patent, and it is the method for farmland (dry land, paddy field) Fenlong cultivation, saline-alkali soil smash-ridging cultivation and for the abundance of grass ecology on degraded grassland. The application of Fenlong "4+1" (arable, saline-alkali soil, grasslands, Sponge City+rivers) green development in China can achieve the "double safety" of food and living space. 展开更多
关键词 Fenlong cultivation The fourth set (generation) of new farming methods Activation and utilization of natural resources Improvement of production and quality Water conservation ecology
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浅析北美特殊股票指数基金
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作者 陈正权 《国际融资》 2003年第6期46-47,共2页
目前,在北美流行的特殊指数基金有哪些?它们各有什么特点?请看浅析北美特殊股票指数基金。
关键词 北美国家 特殊股票指数基金 资本市场 投资 证券市场 现金附加法 套利法
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Effect of Limited Single Irrigation on Yield of Winter Wheat and Spring Maize Relay Intercropping 被引量:10
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作者 ZHANG Bu-Chong HUANG Gao-Bao LI Feng-Min 《Pedosphere》 SCIE CAS CSCD 2007年第4期529-537,共9页
A field experiment was conducted during the 2002/2003 cropping season of winter wheat (Triticum aestivum) and spring maize (Zea mays) to evaluate the effect of limited single drip irrigation on the yield and water... A field experiment was conducted during the 2002/2003 cropping season of winter wheat (Triticum aestivum) and spring maize (Zea mays) to evaluate the effect of limited single drip irrigation on the yield and water use of both crops under relay intercropping in a semi-arid area of northwestern China. A controlled 35 mm single irrigation, either early or late, was applied to each crop at a certain growth stage. Soil water, leaf area, final grain yield and yield components such as the thousand-grain weight, length of spike, fertile spikelet number, number of grains per spike, and grain weight per spike were measured, and water use efficiency and leaf area index were calculated for the irrigated and non-irrigated relay intercropping treatments and sole cropping controls. The results showed that yield, yield components, water use efficiency, and leaf area index in the relay intercropping treatments were affected by limited single drip irrigation during various growth stages of wheat and maize. The total yields in the relay intercropping treatment irrigated during the heading stage of wheat and the heading and anthesis stage of maize were the highest among all the treatments, followed by that irrigated during the anthesis stage of wheat and silking stage of maize; so was the water use efficiency. Significant differences occurred in most yield components between the irrigated and non-irrigated relay-intercropping treatments. The dynamics of the leaf area index in the relay-intercropped or solely cropped wheat and maize showed a type of single-peak pattern, whereas that of the relay intercropping treatments showed a type of double-peak pattern. Appropriately, limited single irrigation and controlled soil water content level could result in higher total yield, water use efficiency, and leaf area index, and improved yield components in relay intercropping. This practice saved the amount of water used for irrigation and also increased the yield. Therefore, heading stage of wheat and heading and anthesis stage of maize were suggested to be the optimum limited single irrigation time for relay-intercropped wheat and maize in the semi-arid area. 展开更多
关键词 leaf area index limited single irrigation water use efficiency winter wheat and spring maize relay intercropping yield and yield components
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A purely data driven method for European option valuation 被引量:1
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作者 黄光辉 《Journal of Chongqing University》 CAS 2006年第3期175-180,共6页
An alternative option pricing method is proposed based on a random walk market model. The minimal entropy martingale measure which adopts no arbitrage opportunity in the market, is deduced for this market model and is... An alternative option pricing method is proposed based on a random walk market model. The minimal entropy martingale measure which adopts no arbitrage opportunity in the market, is deduced for this market model and is used as the pricing measure to evaluate European call options by a Monte Carlo simulation method. The proposed method is a purely data driven valuation method without any distributional assumption about the price process of underlying asset. The performance of the proposed method is compared with the canonical valuation method and the historical volatility-based Black-Scholes method in an artificial Black-Scholes world. The simulation results show that the proposed method has merits, and is valuable to financial engineering. 展开更多
关键词 derivative security: minimal entropy martingale measure Monte Carlo simulation
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