I asked my graduate student research assistant to research the whole literature and find out where did the word forward rate come from.
我让我的助研去查找,所有相关文献,试图找到,谁最先提出了远期利率的概念
One of them is the forward rate and the other one is inflation indexed interest rates.
一个是远期利率,另一个是通胀指数化利率
He says that people who put forward views like this and at any rate harmony can certainly be destroyed.
他说提出有人,提出类似这种观点,和声当然可以毁灭。
It says that the forward rate, which you can compute from today's newspaper or from today's website--you can compute the forward rates for all future dates.
这些告诉我们,人们可以从今天的报纸,或网上的信息中计算出,未来任意时刻的远期利率
Forward rates I wrote a survey article years ago about the term structure of interest rates and I wanted to find out who was the originator of the term "forward rate."
远期利率,很多年前我写过一篇,研究利率期限结构的文章,我想知道谁是"远期利率"这个词的创始人
He calls the forward rate equal to 2/.
希克斯认为远期利率为^2/
What Hicks said is that in these term structures, actually, I've just showed the one-period, he had one-period forward rate-- but you could do it over any combination and you can get forward rates of any maturity at any future date.
希克斯指出利率期限结构中,我刚才给你们演示了,希克斯是如何推导一年期远期利率的,但是你们通过其他组合重新推导,还算出未来任意时刻,期限的远期利率
The idea of a forward rate is that, implicit in that term structure is also a quote for the one-year rate, one year hence, because if you look at the two-year rate, can't you infer back what interest rates are going to be in one year?
远期利率隐含在期限结构中的,一年期利率报价,起息日是第二年初,因为如果你知道了两年即期利率,就可以很自然地推出一年即期利率
but I think it's motivational, and so I said, are you sure that J.R. Hicks invented the term "forward rate"?
但我觉得这很有趣,我问他,你能肯定,J·R·希克斯是"远期利率"的提出者吗
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