期权定价与金融监管模式的理性分析

本文通过分析期权定价中信息的作用以及最优投资问题，阐述了金融市场的管制和放松管制是在投资者的最优收益和市场的稳定程度两者之间权衡的。如果金融市场的管制增加，投资者的最优收益将减少。在开放经济条件下，公司的国际竞争力将处于劣势。相反，放松金融市场的管制，虽然有助于投资者在国际市场中的竞争，但要以牺牲市场的稳定为代价。在充分信息化后，适当放松管理制是可行的。

Options pricing and theoretical analysis of financial regulation pattern

Based on the concept of information if the options pricing and optimization investment,the paper analyzes that the financial regulation and relaxation weigh the investor*ss optimal returns and the market*ss stability.If the financial regulation were strengthened,the investor*ss return would decrease,and in the open economic situation,the company would in and inferior position in the international competition.On the contrary,though the relaxation was advantage for the company to compete,the market would lose its stability.Appropriate relaxation is possible after the investors have enough information.