论文部分内容阅读
国际信用衍生品市场发展概况总体规模近年来,信用衍生品市场成为整个金融行业中发展最为引人注目的市场之一。根据英国银行家协会(BBA)和国际互换和衍生品协会(ISDA)的调查报告,1996年末,全球信用衍生品市场规模仅为0.18万亿美元,然而截至2006年上半年,信用衍生品市场规模已经达到26万亿美元。不到十年时间,整个市场规模膨胀了144倍(图1)。根据BBA的预计,到2008年末,信用衍生品市场的总规模将达到33万亿美元。此外,全球范围看,信用衍生品
Overview of the International Credit Derivatives Market Overview Overall size In recent years, the credit derivatives market has emerged as one of the most attractive markets in the entire financial industry. According to the BBA and ISDA survey reports, at the end of 1996, the global credit derivatives market was only 0.18 trillion U.S. dollars. However, as of the first half of 2006, the credit derivatives market The scale has reached 26 trillion US dollars. In less than a decade, the entire market expanded by 144 times (Figure 1). According to the BBA’s forecast, by the end of 2008, the total size of the credit derivatives market will reach 33 trillion U.S. dollars. In addition, globally, credit derivatives