大二下2015-2016第二学期-国际公法金融法

TheSaverrs

offundsUserThe

users

of

fundsFinancialintermediariesFinancial

MarketsFinanceServiceprovidersernment

regulatorsFinancial

transactionpaymentcreditEquitytransactionDerivative

transaction不卖资产，卖与资产相关的风险CDS；Credit

Default

Swap其意为信用违

约掉期。CDS是一种对银行间债券业务的保险，

CDS类似买保险，买方（被保险方）同意在一段期间内支

用给卖方，而卖方（保险方）仅在特定事件发生时（如违约）才支付一笔金额给买方。但签订合约的两方都可以把CDS

给其他人。The

IMF

is

an

internationalanization

of

187

membercountries.

It

was

established

to

promoteinternational

monetarycooperation,

exchange

stability,and

orderly

exchangearrangements;

to

fostereconomic

growth

and

highlevels

of

employment;

and

toprovide

temporary

financialassistance

to

countries

to

helpease

balance

of

paymentsadjustmentMajor

SecuritiesMarketsMajor

SecuritiesMarketsMajor

Securities

Markets国际部译：《全球金融，》，中国金融著，中国银行业监督管理2009年版。Cost

and

Benefits

of

theInternationalisation

of

FinanceBenefitsSmoothing

a

country’s

financial

needsPromoting domestic

investment

andgrowthEnhancingmacroeconomic

disciplineDisciplining

regulatorsIncreasing

competitionCostCapital

outflowEconomy

crisisDemise

of

local

financial

InstitutionsTransmissions

of

economic

shocks李祥林-相依(Gaussiancopula)“论违约相关性：相依函数方法”的Causes

of

the

Mortgage

Me

ownMain

Street

Housing

BoomsSubprime

LoansSecuritizationborrowerlenderInvesterWall

streetInvestment

banksI

don’t

think

anybody

anywhere

in

theworld

is

going

to

be

immune.

It’s

aquestion

of

degree

rather

than

whetherthey’re

affected金融

的重点防范系统性风