文章基本信息

标题：The Stability of RMB Exchange Rate and Its Perfection of Present Exchange Rate Mechanism
本地全文：下载
作者：Ling JIANG ; Ze-kai HE ; Wei WEI 等
期刊名称：Management Science and Engineering
印刷版ISSN：1913-0341
电子版ISSN：1913-035X
出版年度：2007
卷号：1
期号：1
页码：51-65
DOI：10.3968/j.mse.1913035X20070101.006
语种：English
出版社：Canadian Research & Development Center of Sciences and Cultures
摘要：In the implement of Basel Accord, problems like regulatory capital arbitrage came up for the shortcomings of the accord. Securitization and other financial innovations have provided opportunities to reduce the regulatory capital requirements with little or no reduction in the overall economic risks. The possibility of regulatory capital arbitrage was caused by the inaccurate classification of the risks of different assets under Basel Accord. One of the routine methods is asset securitization, which will create value for banks while damaging the effect of the capital adequacy ratio as a prudential policy instrument. To deal with RCA (regulatory capital arbitrage), the most important is to match the regulatory capital to different assets and cut the motivation from the source so as to unify regulatory capital and economic capital. Key words: Capital Adequacy Ratio, Asset Securitization, Arbitrage Regulation
其他摘要：In the implement of Basel Accord, problems like regulatory capital arbitrage came up for the shortcomings of the accord. Securitization and other financial innovations have provided opportunities to reduce the regulatory capital requirements with little or no reduction in the overall economic risks. The possibility of regulatory capital arbitrage was caused by the inaccurate classification of the risks of different assets under Basel Accord. One of the routine methods is asset securitization, which will create value for banks while damaging the effect of the capital adequacy ratio as a prudential policy instrument. To deal with RCA (regulatory capital arbitrage), the most important is to match the regulatory capital to different assets and cut the motivation from the source so as to unify regulatory capital and economic capital. Key words: Capital Adequacy Ratio, Asset Securitization, Arbitrage Regulation
关键词：Capital Adequacy Ratio; Asset Securitization; Arbitrage Regulation