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2021-09-08 22:39視頻解說(shuō)的well function四個(gè)特征和講義的四個(gè)特征不太一樣，麻煩分別解釋一下
所屬：CFA Level I > Equity 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Vicky助教
2021-09-09 09:36
該回答已被題主采納
同學(xué)你好，
well functioned financial Market特點(diǎn)可以總結(jié)為如下四點(diǎn)：
Complete markets: savers receive a return, borrowers can obtain capital. hedgers can manage risks, and traders can acquire needed assets.
Operational efficiency: trading costs are low.
Informational efficiency: prices reflect fundamental information quickly.
Allocational efficiency: capital is allocated to its most productive use.
liquidity其實(shí)是貫穿在這四個(gè)當(dāng)中的，流動(dòng)高能降低交易成本。且能按需向交易員提供流動(dòng)性以供交易。對(duì)以上四個(gè)efficiency都有一定的促進(jìn)作用。
availability of reliable information on prices and transaction volume促進(jìn)了Informational efficiency
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