《投资学》金融术语翻译.docx

Financial Terminologies for Slides of IntroductionPage1:investment：投资 page2:Quantitative Financial Economics: Stocks, Bonds Foreign exchange：数量金融经济学：股票，债券和外汇Page3:expected payoff：预期报酬 discount：贴现page4：C-CAPM (consumption capital asset pricing model)：消费资本资产定价模型APT(Arbitrage Pricing Theory)：套利定价理论speculative bubbles：投机泡沫term structure：期限结构page5:bond market：债券市场Test Biased Expectation Hypothesis：测试有偏预期假说theoretical and empirical models：理论和实证模型derivatives：衍生产品Page6：smooth consumption：平滑消费asset pricing：资产定价fixed income：固定收益dividend：红利，股息nonlinear payoff：非线性回报page7：risk averse：风险厌恶page8：macroeconomic risk：宏观经济风险equilibrium：均衡first order conditions：一阶条件market clearing conditions：市场出清条件consumption-based CAPM：基于消费的资本资产定价模型no-arbitrage asset pricing model：无套利资产定价模型Page9：parameters：参数stochastic discount factor (SDF)：随机贴现因子state price deflator：状态价格平减指数empirical finance：实证金融financial econometrics：金融计量经济学page10：risk corrections：风险修正risk-neutral：风险中性risk adjustment：风险调整discount factor：贴现因子idiosyncratic risk：非系统性风险premium：溢价Page11：marginal value：边际价值page12：covariance：协方差page13：portfolios of assets：资产投资组合average return：平均报酬multifactor models：多因素模型multiple portfolios：多种投资组合page14：Factor Pricing Models：因子定价模型claim：债权option pricing：期权定价Financial Terminologies for Slides of Consumption-based CAPMPage 2：The Capital Asset Pricing Model (CAPM)：资本资产定价模型expected stock returns：预期股票收益equilibrium：均衡homogeneous：齐次perfect competition：完全竞争taxes：税收transactions costs：交易成本riskfree rate：无风险利率Page 3：Security Market Line：证券市场线market portfolio：市场资产组合risk premium：风险溢价market price：市场价格Page 4：macroeconomic variables：宏观经济变量endogenize：内生化risk-averse：风险厌恶consumption：消费financial assets：金融资产asset prices：资产价格Page 5：subjective rate of time-preference：主观时间偏好率dividends：红利exogenous labour income：外生劳动收入Page 6：future payoff：未来回报time additive utility：效用的时间可加性endowment：禀赋trading strategy：交易策略Page 7：Euler equation：欧拉方程marginal change：边际变化net returns：净收益Page 8：stochastic discount factor：随机贴现因子Law of One Price：一价定律principl