Chapter Two
Financial Markets and Institutions
This chapter contains 49 multiple-choice questions, 20 short problems and 10 longer problems.
Multiple Choice
1. A market that has no one specific location is termed a(n) _______ market.
(a) over-the-counter
(b) geographic location
(c) intermediary
(d) conceptual
Answer: (a)
2. ______ problems arise because parties to contracts often cannot easily monitor or control one
another.
(a) Payment
(b) Counter
(c) Incentive
(d) Exchange
Answer: (c)
3. Incentive problems take a variety of forms and include:
(a) moral hazard
(b) adverse selection
(c) principal-agent
(d) all of the above
Answer: (d)
4. The ______ problem exists when having insurance against some risk causes the insured party to
take
greater risk or to take less care in preventing the event that gives rise to the loss.
做世界上5%的人——玩金融必读书籍。
1.Dynamic Asset Pricing Theory Darrell Duffie 动态资产定价理论
2.Asset Pricing John H.Cochrane 资产定价
3.Econometric Analysis (3'rd edition) Greene W.H. 中级计量
4.Financial Econometrics (problems, Models,
And Methods) Christian Gourieroux &Joann JasiaK 金融计量经济学
5.The Econometrics Of Financial Markets
Campbell J.Y. Lo, A.W.& Mackinlay A.C 金融市场中的计量经济学
6.Theory Of Financial Decision Making Imgersoll J.E. 金融决策理论
7.Foundation For Financial Economics Huang C.F. & Litzenberger R.H. 金融经济学基础
8.Principles Of Financial Economics S.F. Leroy&Jan Werner 金融经济学原理
9.Continuous-time Finance Merton R.C. 连续时间金融
10.Fractals And Scaling In Finance Mandelbrot B.B. 金融中的分形与标度 无
11.Mathematics Of Financial Derivatives Salih1N.Neftci 金融衍生工具的数学理论(第三版)
12.Options,Futures And Other Derivative Securities Hull 期权，期货及其它衍生证券(第四版)
术语对照表，Corporate Finance 2nd Edition, Berk and DeMarzo
2012年秋金融经济学 1 金融术语对照表 Abandonment option 放弃期权 Book-‐to-‐market ratio 账面市值比 Accounts payable 应付账款 Break-‐even 盈亏平衡 Accounts receivable 应收账款 Bridge loan 过桥贷款 Acquirer 收购方 Bulldogs 斗牛犬债券 Acquisition premium 收购溢价 Butterfly spread 碟式跨价组合 Adverse selection 逆向选择 Call date 赎回日 Agency costs 代理成本 Call option 看涨期权 Aging schedule 账龄分析表 Call price 赎回价 American option 美式期权 Callable bonds 可赎回债券 Amortization 摊销 Capital Asset Pricing Model (CAPM) 资产定价模型 Amortizing loan 分期贷款 Capital gain 资本利得 Angel investors 天使投资者 Capital market line (CML) 资本市场线 Annual percentage rate 年度利率 Capital structure 资本结构 Annuity 年金 Carryback 向后转回 Arbitrage 套利 Carryforward 向前转结 Arbitrage pricing theory (APT) 套利定价理论 Cash conversion cycle 现金周转期 Ask price 卖价 Clientele effect （税收）客户效应 Asset securitization 资产证券化 Commercial paper 商业票据 Asset turnover 资产易手 Committed line of credit 承诺的信贷额度 Asset-‐backed bonds 资产支持债券 Compensating balance 补偿性余额 Asset-‐backed security (ABS) 资产支持证券 Competitive market 竞争性市场 Asymmetric information 不对称信息 Compound annual growth rate 复合年率 At-‐the-‐money 平价 Compound interest 复合利率 Auction IPO 拍卖式IPO Consol 永续债券 Auditor 审计 Convertible bonds 可转债 Corporate governance 公司治理 Backdating （期权）追溯 Coupon bonds 息票债券 Balance sheet 资产负债表 Covenant 保护性条款 Balloon payment 气球膨胀式偿付 Covered interest parity equation 抛补利率平价等式 Bearer bond 无记名债券 Credibility principle 置信原则 Bid price 买价 Credit default swap (CDS) 信用违约互换 Bid-‐ask spread 买卖价差 Credit rating 信用评级 Binomial Option Pricing Model 二项式期权定价模型 Credit (default) spread 信贷（违约）息差 Binomial tree 二叉树 Cum dividend 附息（含红利） Blanket lien 总括留置权 Cumulative abnormal return 累计超常收益 Book building 询价圈购 Currency forward contract 货币远期合约 Book value 账面价值 Currency swamp 货币互换 术语对照表，Corporate Finance 2nd Edition, Berk and DeMarzo
1、Principles of Economics（上下册） N.Gregory Mankiw
2、Macroeconomics（Seventh Edition） Rudiger Dornbush etc.
3、Advanced Macroeconomics Romer D.
4、Macroeconomic Theory﹡ Sargent T.J.
5、Dynamic Macroeconomics﹡ Sargent T.J.
6、Handbook of Macroeconomics (Volume1A 1B 1C)
J.B. Taylor & M. Woodford
7、International Economics：Theory and Policy（Fifth Edition）
R.Krugman, Maurice Obtesfeld
8、Intermediate Microeconomics：A Modern Approach Varian H.
9、Microeconomic Theory﹡ Mas-colell A.Whinston M.D.&Green J.R.
10、Basic Econometrics Gujarati D.N.
11、Econometric Analysis (Fourth Edition)﹡ Willian H. Greene
12、The Econometrics of Financial Markets﹡
Campbell J.Y. Lo, A.W.&Mackinlay A.C.
13、The Analysis of Uncertainty and Information﹡ Laffont J.J.
14、A Concise Economic History of the World Cameron R
15、World Economic Primacy：1500 to 1990 Chales P.Kindleberger
