| 基于风险中性原理的有担保贷款定价研究 |
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| 引用本文： | 郑玉华,崔晓东.基于风险中性原理的有担保贷款定价研究[J].河南金融管理干部学院学报,2013(9):49-51. |
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| 作者姓名： | 郑玉华 崔晓东 |
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| 作者单位： | [1]南京信息工程大学经济管理学院,江苏南京210044 [2]南京晓庄学院经济与管理学院,江苏南京211171 |
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| 基金项目： | 教育部人文社科基金项目（10YJC790149） |
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| 摘 要： | 基于风险中性原理研究定价模型，不仅能够避免结构模型的复杂性与高成本，也可以消除简化模型中回收率设定不合理所带来的定价偏差。基于风险中性原理研究定价模型，建立有担保贷款利率与无担保贷款利率、无风险利率之间的一个简单实用的关系式，并明确担保程度与贷款利率的关系，有助于银行简单有效地计算贷款利率并实现利率的动态调整。
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| 关 键 词： | 担保贷款 风险中性原理 贷款定价 利率 |
A Study of the Pricing of Secured Loans Based on the Risk -neutral Principle |
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| Institution: | ZHENG Yuhua, CUl Xiaodong(1. School of Economics and Management, Nanjing University of Information Science and Technology, Nanjing , Jiangsu 210044 , China ; 2. School of Economies and Management, Nanjing Xiaozhuang Institute, Nanjing , Jiangsu 211171 , China ) |
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| Abstract: | A study of the pricing model based on the risk - neutral principle can avoid the complexity and high cost resulting from structure model, and also eliminate the pricing bias caused by unreasonably set recovery rates in the simplified model. Also, the relationship between the guarantee level and lending rates can be defined. The establishment of a simple and practical relationship between secured loans interest rate and unsecured loans interest rate ＆ risk - free interest rate helps the banks calculate loan interest rates and realize dynamic adjustment of interest rates. |
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| Keywords: | secured loans risk -neutral principle loan pricing interest rate |
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