Ⅰ. 개요
옵션가격결정모형(Option pricing model : OPM)은 기초증권의 연속적인 거래와 가격결정행태를 조건부청구권(Contingent claims)의 가격을 평가하는 모형으로써 최근 재무이론의 새로운 분야로 각광받고 있다. 옵션의 가격결정에 관한 이론은 블랙과 숄즈가 유러피안 콜옵션의 가격결정에 관한 일반균
Ⅰ. 개요
금융공학은 Financial Engineering을 한글로 번역한 것으로 어떤 사람은 재무공학으로 번역하기도 한다. 금융이나 재무는 생소한 용어가 아니라서 일반인들이 나름대로의 이해를 갖고 있으나 많은 사람들의 궁금증은 금융(또는 재무)이 공학과 무슨 연관성이 있는가 하는데 있는 것 같다.
간단
A case of interestrates rise, but bond prices fell.
Interestrate changes impact on bond prices in the different economic conditions.
Base interestrate raising when uneasily economic conditions can getting decline in market interestrates.
When market interestrates decrease bond prices has increases.
Therefore, when interestrates rise, sometimes the price of bonds rises.
In addition
U.K. and U.S.
United Kingdom Net export > United States Net export
So, good.
- InterestRate
1. United Kingdom
In October 2009, United Kingdom interestrate is 0.5%.
-Current UK InterestRate: 0.5%
-Households have reduced their spending substantially .
-CPI inflation fell to 1.1%
-The quantitative easing program was boosted by £25bn to £200bn .
U.S
- Current US InterestRate: 0.25%
- Household spending remains constrained by lower housing wealth.
-CPI inflation fell to 0.20%
-The mortgage crisis in the US is hurting the overall economy
U.K
-Current UK InterestRate: 0.5%
-Households have reduced their spending substantially .
-CPI inflation fell to 1.1%
-The quantitative easing program was boosted by £25bn to £20