机构地区: 北京大学光华管理学院
出 处: 《上海金融》 2011年第5期87-92,共6页
摘 要: 流动性越高,金融产品的价格就会更加市场化。本文通过考察中期票据的流动性,验证中期票据比以往的相似融资工具——企业债更加适合市场的需求,进而对中期票据和企业债两种融资工具在发行制度和理念上进行对比分析,得出了中期票据在制度上更加适应市场化需求的原因,并提出相关政策建议。 The pricing of financial product becomes more market-based as the market liquidity improves.The article examines the liquidity of medium term note to verify that medium term note can better cater to the market demand than similar financing instrument-corporate bond.Furthermore,it conducts comparative analysis of the issuing system and ideas between medium term note and corporate bond,concludes the systemic causes that lead to the popularity of medium term note,and gives out policy suggestions.
领 域: [经济管理]