论文部分内容阅读
随着国际金融市场的不断发展、各国金融管制的逐步放松,金融市场风险已成为企业理财过程中必须面对的主要问题之一。这类风险也称价格风险,主要起因于金融资产的价格波动,表现为因汇率变动、利率变动、股价变动以及通货膨胀率变化等引起的企业价值的不确定性。为控制此类风险,人们利用并创造了许多金融工具,一些金融期货就是在这一背景下产生的。金融期货也即金融期货合约(finanical futurescontract),它是指买卖双方在期货市场以公开喊价的
With the continuous development of international financial markets, the gradual relaxation of financial regulation in various countries and the risk of financial markets have become one of the major problems that enterprises must face in their financial management. This kind of risk, also called price risk, is mainly caused by the price fluctuation of financial assets, which is manifested by the uncertainty of enterprise value caused by changes in exchange rates, changes in interest rates, changes in stock prices and changes in the inflation rate. In order to control such risks, many financial instruments have been used and created, and some financial futures have come under this background. Financial futures or financial futures contracts (finanical futurescontract), it refers to the buyers and sellers in the futures market to open outcry