、 可贷资金理论 35、 流动性升水理论 36、 货币的替代效应 37、 哈恩难题 国际金融 1、 购买力平价理论 卡塞尔 CasselG. 1916 “The present situation of the foreign exchanges” Economic Journal 26March: 62-5 2、 资产组合平衡分析 Branson Branson” Asset market and relative prices in exchange rate determination” 1977 3、 利率平价理论 4、 一价定律 Izard Isard p. 1979 “How far can we push the law of one price” American Economic Review 67 5、 特里芬难题 特里芬 TriffenR.1960 “ Golden and dollar crisis” New Haven: Yale University Press 6、 M-F模型 Mundell R.A Mundell R.A “The appropriate use of monetary and fiscal policy under fixed exchange rate” IMF Staff Paper 1962 7、 格雷欣法则 Thomas Gresham 1560 Thomas Gresham 1869 “The history of economics” London: bliss sands and Co. 8、 J-曲线效应 J-curve effect 麦吉 Magee S. 1973 “Currency contracts pass-through and devaluation” Brookings paper on economic Activity” 9、 国际收支的吸收分析法Absorption approach to the balance of payments 亚历山大 Alexander S. S. 1952 “effects of devaluation on a trade balance” International monetary fund Staff papers Vol.2:263-78 Alexander S.S.1959 “A simplified synthesis of elastic ties and absorption approaches” American Economic Review 49:22-42 10、 最优货币区理论 optimal currency areas 蒙代尔 MundellR.A.1961 “A theory of optimum currency areas” American Economic ReviewSeptember:657-65 11、 国际收支的弹性分析方法 Elasticities approach to the balance of 查尔斯.比克迪克 Bickerdike C.F.1920 “The instability of foreign exchange” Economic Journal 30March:118-22 payments 12、 抵补利率平价 covered interest parity 凯恩斯 KeynesJ.M1923 “A tract on monetary reform” London: Macmillan 13、 马歇尔-勒纳条件 Marshall-Lener Condition 马歇尔 MarshallA.1923 “Money credit and commerce” London: Macmillan 14、 货币贬值的吸收方法 悉尼.亚特兰大 AlexanderS. 1952 “Effects of a devaluation on a trade balance” International Monetary Fund Staff Paper 2 :263-78 15、 货币贬值的货币方法 蒙代尔 MundellR.A. 1971 “monetary theory” pacific palisades: Good year 16、 国际收支依赖性 经济模型 斯旺 Swan T.W. 1960 “Economic control in a dependent economy” Economic record 36:51-66 17、 汇率超调模型 多恩布什 Dornbusch R. 1976 “Expectations and exchange rate dynamics” Journal of Political Economy 846:1161-76 金融市场学 1、 随机游走模型 Kendall Osborn Arnold Moore 2、 有效率市场假说Efficient market hypothesis Eugene Fama Eugene Fama, “Efficient Capital Market: a Review of Theory and Empirical Work” Journal of Finance May 1970 3、 规模效应(或小公司效应) Rolf Banz BanzR.1981 “The relationship between return and market value of common stock” Journal of Financial Economics 9:3-18 小公司效应在一月份的前两个星期最为明显,见Donald Keim “Size Related Anomalies and Stock Return Seasonality: Future Empirical Evidence” Journal of Financial Economics June 1983 Marshall Blume Robert Stambaugh “Biases in Computed Returns: an Application to Size Effect” Journal of Financial Economics August 1983. 4、 流动性效应 Amihud amp Mendelson 5、 账面价值/市场价值比率效应 Eugene Fama Kenneth French Eugene Fama Kenneth French “The Cross Section of Expected Stock Returns” Journal of Finance June 1992. 6、 逆转效应(过度反应) DeBondt Thaler DeBondt Thaler “Does the Stock Market Overact” Journal of Finance 401985 7、 动力效应 N. Jegadeesh S. Titman N. Jegadeesh S. Titman “Return to Buying Winners and Selling Losers: Implications for Stock Market Efficiency” Journal of Finance 481993 8、 股权溢价之谜 米拉,普雷斯科特 Mehra R. and PrescottE.1985. “The equity premium: a puzzle.” Journal of Monetary Economics 152 9、 Grossman-StiGrossmaGrossman glitz悖论 n Sanford J. and Stiglitz J. E Sanford J. and Stiglitz J. E. 1980 “On the Impossibility of Informationally Efficient Markets” American Economic Review 70 393-408 10、 现代组合理论 Harry Markowitz Harry Markowitz “Portfolio Selection” Journal of Finance March 1952 11、 资本资产定价模型(CAPM) 威廉夏普 SharpeW.F. 1964 “Capital asset prices:a theory of market equilibrum under conditions risk” Journal of Finance 19September 1.放松了关于所有资产都可以市场化的假设,推导出存在非市场化资产情况下的资产定价公式。
David Mayers “Nonmarketable Assets and Capital Market Equilibrium under Uncertainty” In Studier in the Theory of Capital Markets ed. Michael Jensen New York: Praeger. 2.多因素的资本资产定价模型Robert Merton “An Intertemporal Capital Asset Pricing Model” Econometrica 1973. 3.以消费为导向的资本资产定价模型Breeden D. “An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities” Journal of Financial Economics 71979. 12、 APT Stephen A. Ross RossS.A. “The arbitrage theory of capital asset pricing”Journal of Economic Theory13(3),Dec.341-60 13、 共同基金定理mutual fund theorem James Tobin James Tobin “Liquidity Preference as Behavior toward Risk” The Review of Economic Studies February 1958 14、 M-M定理(又称不相关定理) Modigliani Franco and Merton H. Miller Modigliani and Miller “The cost of capital corporation finance and the theory of investment” American Economic Review 48:261-97,1958 15、 税差主义 F. Modigliani M. H. Miller F. Modigliani M. H. Miller “Dividend Policy Growth and the Valuation of Shares” Journal of Business October 1961. F. Modigliani M. H. Miller “Corporate Income Taxes and the Cost of Capital: A Correction” American economic Review 53June 1963 pp.433-443认识到税收对资本结构以及企业价值的税盾(tax shield)效应,对MM定理进行了修正。
Farrar Donald E. and Selwyn Lee L. “Taxes Corporate Financial Policy and Return to Investment” National Tax Journal 20 No.4Dec. 1967 pp.444-454 Miller Merton.H “Debt and Taxes” Journal of Finance 321977 pp.261-275从投资者之间在边际税率上的差异这个角度出发,在一般市场均衡的条件下,科学阐述了资本结构理论。
16、 破产成本主义 Baxter Nevins D. Baxter Nevins D. “Leverage Risk of Ruin and t
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