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Title: Vortragstitel (max. zwei Zeilen)


1
????? ? ? ????2005???
2
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  • ????www.pandeng.org
  • Emailpandeng_at_hotmail.com
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3
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  • ?????
  • ???????100?
  • ???????
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4
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  • ??
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5
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  • ??(???,P181,?????????,2003?)
  • ??,????????????????
  • ???????
  • ??????????,??????????
  • ?????????????,????????????

6
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  • ???????????(????????)???????????
  • ???????????????????????????

7
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8
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9
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10
? ?
  • ? ? ???
  • ???????
  • ??(1936),??(1937)(???)
  • ??finance
  • Webster Third New International
    Dictionary(1986)??? (???)
  • ????????????(???)
  • ??????(???)
  • ???? ?? ??????Money and Banking,

  • ???Money, Banking and Securities
  • ???????finance???
  • ?????

11
???????
12
????
  • Jeff Madara (Financial Markets and
    Institutions, P2, South-Western ,2004),
  • Financial market is a market in
    which financial assets (securities) such as
    stocks and bonds can be purchased or sold.
  • ??(???,P181,?????????,2003?)
  • ???????????,???????????????????,????????????
    ,????????????
  • ?????
  • ?????????????????????????

13
????????
  • ??????
  • ?????
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  • ?????????????

14
???????????
  • ???????,Obstfeld Rogoff (1995) Foundations of
    International Macroeconomics(MIT)????????????????
    ?lt????gt???????????????????????
  • ????(Intertemporal analysis)
  • ???? (Micro foundation)
  • ??????(representative agent)??????????,???????????
    ??????????????????????

15
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16
???????????
  • ???????????????
  • (D. Kahneman, Princeton University ??????)
  • ?????
  • (V. Smith, Georage Mason University?????????)
  • ?????
  • ????????
  • ???????(????????????????)

17
? ?
  • ??
  • ??? (1999) ????? ???????
  • ??? (2002) ??????? ???????
  • ???(2000) ????????????????
  • ???(2000) ?????????????????
  • ???(2000) ????????????????
  • ???(2000) ????????????????
  • ??????(2000)????? ???????/????????
  • ???(2005)????????????
  • ??(2001)?? ------??????????????????
  • ??(2003)????????????

18
? ?
  • ??
  • Burton G. Malkiel (1999), Random Walk Down Wall
    Street, Princeton University Press
  • Jeff Madara (2004)Financial Markets and
    Institutions, South-Western
  • Franklin Allen (2000),??????,?????????
  • ? ???J ??? ????????(1998) (??
    ?)????????????????
  • ?????? (??/??? ?)(2001)?????,?????????
  • ? ?????? (???????? ?)(2002)??????---?????,???
    ??????
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