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第10讲-动态现值Lecture 10 - Dynamic Present Value |
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| 课程网址: | http://videolectures.net/yalemecon251f09_geanakoplos_lec10/ |
| 主讲教师: | John Geanakoplos |
| 开课单位: | 耶鲁大学 |
| 开课时间: | 2012-03-17 |
| 课程语种: | 英语 |
| 中文简介: |  |
| 课程简介: | In this lecture we move from present values to dynamic present values. If interest rates evolve along the forward curve, then the present value of the remaining cash flows of any instrument will evolve in a predictable trajectory. The fastest way to compute these is by backward induction. Dynamic present values help us understand the returns of various trading strategies, and how marking-to-market can prevent some subtle abuses of the system. They explain how mortgages work, why they're called amortizing, and what is meant by the remaining balance. In the second half of the lecture we turn to an important application of present value thinking: an analysis of the troubles facing the Social Security system. |
| 关 键 词: | 动态现值; 利率; 反向归纳法 |
| 课程来源: | 视频讲座网 |
| 数据采集: | 2021-11-02：zkj |
| 最后编审: | 2021-11-02：zkj |
| 阅读次数: | 34 |