流动性风险的识别与管理.pdf

Identifying and Managing Liquidity Risk 00 Chicago | London | Singapore © 2010 Quantitative Risk Management, Inc. 流动性风险的 识别与管理 11 芝加哥 | 伦敦 | 新加坡 © 2010 Quantitative Risk Management, Inc. “Every banker knows that if he has to prove that he is worthy of credit, however good may be his argument, in fact the credit is already gone.” Lombard Street: A Description of the Money Market by Walter Bagehot (1877) 22 © 2010 Quantitative Risk Management, Inc. “所有的银行家都知道：如果他要证明自己是值得信任的， 即使理由再充分，事实上他的信用已经不在。 朗伯德街:； 沃尔特- 白泽特关于货币市场的描述（1877） 33 © 2010 Quantitative Risk Management, Inc. Identifying and Managing Liquidity Risk I. Liquidity Risk Defined II. Recent Events in Liquidity Risk III. Challenges in Liquidity Risk Management IV.Measuring Liquidity Risk V. Managing Liquidity Risk VI.Summary 44 © 2010 Quantitative Risk Management, Inc. 流动性风险的识别与管理 I. 流动性风险的定义 II. 流动性风险的近况 III. 流动性风险管理的挑战 IV.流动性风险的度量 V. 流动性风险的管理 VI. 总结 55 © 2010 Quantitative Risk Management, Inc. Identifying and Managing Liquidity Risk I. Liquidity Risk Defined II. Recent Events in Liquidity Risk III. Challenges in Liquidity Risk Management IV.Measuring Liquidity Risk V. Managing Liquidity Risk VI.Summary 66 © 2010 Quantitative Risk Management, Inc. 流动性风险的识别和管理 I. 流动性风险的定义 II. 流动性风险的近况 III. 流动性风险管理的挑战 IV. 流动性风险的度量 V. 流动性风险的管理 VI. 总结 77 © 2010 Quantitative Risk Management, Inc. Liquidity Risk is the Potential of Having an Unexpected Shortfall for Meeting Payment Obligations Business o