现代信用

第三部分在对现代信用风险模型进行概述的基础上，提出了以对企业股票市场价格变化的有关数据为分析基础的KMV模型是我国商业银行相对较为现实的一种借鉴选择；

The third part is about the modern credit risk model .

然后对现阶段流行的主要的现代信用风险度量方法进行了对比分析，通过比较得出KMV模型适合现阶段的中国国情。

Then it has carried on the contrastive analysis to the present stage popular main modern credit risks measure method .

信用风险度量的主要方法分为传统的信用风险度量方法和基于var的现代信用风险度量的方法。

The main method of the credit risk measurement includes conventional method and modern method basing on VAR .

其次，在综述相关理论和现代信用风险度量模型的基础上，引入CreditMetrics模型，对我国商业银行的信用风险度量进行实证分析。

Secondly , based on the analysis of all kinds of theory and modern credit risk measurement model , the paper introduce Credit Metrics Model to go on empirical research of credit risk measurement in our country .

目前国际流行的现代信用风险管理模型主要包括信用计量模型（CreditMetrics）、麦肯锡模型、CSFP信用风险附加计量模型和KMV模型等四类。

The current international fashion model of the modern credit risk management includes Credit Metrics , McKinsey model , CSFP model and the KMV model additional four groups .

基于此，本文以信用风险度量为主线，并选取了现代信用风险度量著名模型之一的KMV模型作为主要的研究对象。

For this reason , this article focused on credit risk measurement and selected the well-known KMV model as the main object of study .

从早期的Z指标模型到传统的信用风险度量数理逻辑，再到现代信用风险度量模型，例如KMV和信用度量术模型。

From his early Z index model to the traditional credit risk metric mathematical logic , and then to modern credit risk evaluation model , such as KMV and credit measure art model .

现代信用风险度量模型中的KMV模型适合于我国的评级国情，能够测算出财务信息所透露的信用风险值。

Modern credit risk metric model suitable for our country the KMV model which puts the rating situation , can work out financial information revealed by credit risk value .

信用风险度量方法包括传统的信用风险度量模型和现代信用风险度量模型，传统的信用风险度量模型包括专家制度模型、Z评分模型和ZETA模型，目前我国的信用风险度量和管理也停留在此水平。

Credit risk measurement methods include traditional credit risk model and modern credit risk model , the traditional credit risk model includes the expert 's system model , the Z grade model and ZETA model , our country stays this level .

基于Merton方法的违约模型是现代信用风险定价与管理研究中极其重要的部分，对其适用性的研究对提高我国商业银行与企业管理信用风险的能力有着十分重要的意义。

Merton type default models are very important for modern credit risk pricing and management . Studying its applicability in China is of obvious significance to improve the credit risk management capacity of Chinese banks and firms .

接着探讨了我国城投债信用风险来源以及常见的现代信用风险测度模型，根据KMV模型的特点及优势，构建了基于KMV模型的城投债信用风险测度模型。

Then discusses the sources of credit risk of bonds and common modern credit risk measurement model . Based on the characteristics and advantages of KMV model , this paper constructs the credit risk measurement models based on KMV model .

首先，本文通过分析国内外研究动态和比较现代信用风险度量模型的特点，显示出CPV模型在贷款信用风险管理中的优势，为后面的实证研究奠定基础；

At first , this paper reviews the domestic and foreign development of credit risk management in banks , especially compares the modern credit risk models , and shows the advantages of using CPV model to manage the credit risk , which provide a base for the following empirical research .

本文在介绍了现代信用风险的工程化度量趋势和技术的基础上，针对我国金融机构的现状，研究了在巴塞尔协议的IRB框架下实施信用风险工程化度量的对策。

After the introduction to the tendency and technology of engineering measurement in modern credit risk , this paper , according to the current status of China 's financial institutions , studies the measures to conduct en-gineering measurement of credit risk under IRB as per the New Basel Capital Accord .

加快企业信用建设打造现代信用企业

The Acceleration of Enterprise Credit Construction to Build Modern Credit Enterprises

（一）现代信用制度缺失造成我国当前内需不足。

( C ) Our country private ' credit system present situation .

现代信用风险度量方法及比较分析

Comparison and Analysis of Modern Measure Methods of Credit Risk

最后，现代信用制度催生了虚拟经济。

Finally , the modern credit system has spawned the fictitious economy .

现代信用资本主义与周期性金融危机

On the Modern Credit Capitalism and Cyclical Financial Crisis

第三章是信用风险管理模型解析，对现代信用风险管理模型进行了研究；

Chapter three discusses the advanced risk management models .

系统地、深入地比较分析现代信用风险模型。

This paper systematically and profoundly compares and construes contemporary credit risk models .

第四章现代信用风险度量模型在我国商业银行应用的思考和启示，这是本文的重点。

Chapter three : The modern credit risk quantitative measurement and management models .

政府信用&现代信用文明的基石

Government Credit : The Cornerstone of Modern Credit Civilization

其次，作者对比了传统信用评估方法和现代信用评估方法的优劣。

Then , the writer compared traditional method of assessment and modern method .

现代信用制度的标志。

( D ) Symbol of modem credit system .

企业如何利用现代信用管理手段

On How to Use Modern Means of Credit Management

建立现代信用担保体系改善中小企业融资环境

Setting up Modern Credit Guarantee System Improving Finance Environment of Medium and Small-sized Enterprises

现代信用风险管理的特征及其发展

Features and Development of Modern Credit Hazard Management

论现代信用货币的价值基础与浮动汇率制度

On the Value Basis of Current Credit Money and the Floating Exchange Rate Regime

现代信用制度的经济法分析

The Economic Law Analysis of Modern Credit System

构建政府现代信用机制

Construct the Modern Credit Mechanism of Government