信息不对称下基于投资者视角的汇率挂钩产品评价  

Evaluation on Exchange Rate Linked Product from Investors' Perspective under Asymmetric Information

作　　者：徐信虎[1] 杨军战[2] 

机构地区：[1]上海商学院国际经济贸易系,上海200235 [2]上海财经大学金融学院,上海200433

出　　处：《华东经济管理》2007年第5期57-60,共4页East China Economic Management

摘　　要：自从2005年7月人民币汇率机制改革以来,汇率挂钩产品经历了迅速的发展。由于该类产品结构复杂以及信息不对称因素,使得投资者难以对其进行评价。基于此,文章通过几个例子来考察其中的定价机理并最终从定性、定量两方面形成投资者评价方法。Exchange rate linked product has experienced a rapid development since the reform of Renminbi exchange rate regime in July, 2005. Because of the complex structure of this type of product and asymmetric information, it is hard for the investors to evaluate it. Based on these considerations, this article makes an examination on pricing mechanism and eventually forms evaluation methods for investors from two aspectsquality and quantity.

关 键 词：信息不对称 汇率挂钩产品 衍生品 数字期权 

分 类 号：F406.7[经济管理—产业经济]