日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Lifestyle
Home / Lifestyle / People

Measure of chance

By Liu Xiangrui | China Daily | Updated: 2017-01-20 08:22

Measure of chance

Robert Engle, a Nobel laureate, makes a speech at an economic forum in Nankai University in Tianjin in October 2016. [Photo provided to China Daily]

Nobel-winning economist Robert Engle suggests improvement in capital allocation for fast-growing SMEs in China, Liu Xiangrui reports.

American economist Robert Engle gave Chinese officials some ideas on how to make China's financial sector more efficient.

Engle, winner of the 2003 Nobel Prize in economics along with British economist Clive Granger, was invited to Beijing last week by the State Administration of Foreign Experts Affairs to give his suggestions on risk management in China's capital market, because of his expertise in studying volatility.

Financial institutions should be subjected to regular stress tests to see if they remain solvent enough in the face of an economic downturn. The results of such tests should be published publicly and become benchmarks for performance of banks as well so that they do a more effective job of choosing where the loans go, he says.

"I think that many more benefits will come from improving allocation of capital to the fast-growing SMEs, which are also job creators," says Engle, 75.

He and Granger are recognized for developing a path-breaking statistical model called the autoregressive conditional heteroskedasticity that is designed to analyze unpredictable movements in market prices and interest rates. The method can also measure systematic risks in financial markets, especially on a short-term basis.

"If you try to predict a year in the future, it's very complicated. If it's a day in the future, that's not so hard," he explains. "If we talk about risk management for financial applications, maybe short-horizon predictions are enough."

Engle earned a master's degree in physics before he went on to acquire a PhD in economics from Cornell University in 1969.

Previous 1 2 3 Next

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美日韩一区二区三 | 亚洲成网站 | 91免费观看视频 | 国产成人专区 | 香蕉尹人网 | 亚洲视频在线观看视频 | 国产一区二区在 | 久久久亚洲国产 | 亚洲一区二区三区在线观看视频 | 成人公开免费视频 | 色妞色视频一区二区三区四区 | 亚洲天天| 黄色片在线免费观看 | 中文字幕一区二区三 | 中文字幕在线不卡 | 天堂网视频在线观看 | 亚洲激情一区 | 2024国产精品 | 九热精品 | 不卡视频一区二区三区 | 国产最新网址 | 91久久国产| 在线观看亚洲欧美 | 视频一区二区在线 | 久久久啊啊啊 | 中文字幕综合在线 | 国产a级片免费看 | 狠狠久久综合 | 亚洲五月婷婷 | 激情丁香六月 | 久久视频免费在线观看 | 三级自拍视频 | 91狠狠爱 | 国产欧美日韩一区 | 成人福利视频网站 | 亚洲性久久 | 林心如三级全黄裸体 | 琪琪色在线观看 | www四虎影院 | 欧美一级片a | 国产视频97 |