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中国房地产金融衍生品定价研究 被引量:4

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摘要 近年来,我国采用多种手段促进房地产业良性发展,但总体看房地产业发展仍存在很多问题,如何通过市场经济手段实现房地产业的良性发展已成为亟待解决的问题。金融衍生品具有发现价格、管理风险的作用,将其应用于房地产领域,可设计出房地产价格指数金融衍生品。推出房地产金融衍生品,将有利于调控房地产市场,促进房价的理性回归。采用Fabozzi房地产金融衍生品定价框架,对中房指数衍生品进行定价研究,并对北京、上海、广州、深圳中房指数二手房销售价格指数的期货、期权定价进行实证分析,具有现实意义。
出处 《经济纵横》 CSSCI 北大核心 2013年第8期102-105,共4页 Economic Review Journal
基金 国家社科基金青年项目(11CJY105) 吉林省社科基金项目(2013B224) 吉林省科技厅科技发展软科学项目(20110662)的成果
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参考文献7

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同被引文献32

  • 1张玉红,霍天翔,冯宗宪.场外金融衍生品交易市场的发展探析[J].上海金融,2006(8):44-46. 被引量:8
  • 2何树红,高彩云.商业银行金融衍生业务的风险控制[J].金融理论与实践,2007(10):19-22. 被引量:5
  • 3Case,K.E,Shiller,R.J.and Weiss,A.N,Index-based futures and options trading in real estate[J].Journal of Portfolio Management,Vol.19,1993,pp.83-92. 被引量:1
  • 4Case,K.E.and Shiller,R.J,Mortgage default risk and real estate prices:the use of index based futures and options in real estate[J].Journal of Housing Research,Vol.7,1996,pp.243-58. 被引量:1
  • 5Fisher,J.D,New strategies for commercial real estate investment and risk management[J].Journal of Portfolio Management,Vol.32,2005,pp.154-61. 被引量:1
  • 6Buttimer,R.J,Kau,J.B.and Slawson,C.V,A model for pricing securities dependent upon a real estate index[J].Journal of Housing Economics,Vol.6,1997,pp.16-30. 被引量:1
  • 7Bjork,T.and Clapham,E.,On the pricing of real estate index linked swaps[J].Journal of Housing Economics,Vol.11,2002,pp.418-32. 被引量:1
  • 8Otaka,M.and Kawaguchi,Y,Hedging and pricing of real estate securities under market incompleteness[J].MTB Investment Technology Institute Co,Ltd.,2002,Tokyo. 被引量:1
  • 9Geltner,D.and Fisher,J,Pricing and index considerations in commercial real estate derivatives[J].Journal of Portfolio Management.Special Real Estate Issue,2007,pp.99-117. 被引量:1
  • 10Patel,K.and Pereira,R,Pricing property index linked swaps with counterparty default risk[J].Journal of Real Estate Finance and Economics,Vol.36,2008,pp.5-21. 被引量:1

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