Then the author states that improper government intervention in China's corporate bond market such as interest rate control and mandatory guarantee aggravates the problem of information asymmetry and hinders the development of viable corporate bond market. 指出我国政府对公司债券的利率管制和强制担保要求等不当干预加重了公司债券市场的信息不对称,阻碍了市场的健康发展。
FDIC-backed debt is cheaper to issue than normal debt because investors are prepared to accept a lower interest rate because of the government guarantee. 相对于一般债券,FDIC担保债券的发行成本较低,因为在有了政府担保的情况下,投资者愿意接受相对较低的利率。
Under the stochastic interest rate environment, we consider fund manager's optimal investment problem with a minimum performance guarantee. 考虑随机利率环境及随机收益保证下基金经理的投资组合问题。