经济学经典论文2
2009-11-04 00:15阅读：
国际金融
国际
金融
理论
作者
出处
1、
购买力平价理论
卡塞尔
Cassel,G. 1916, “The present situation of the foreign
exchanges”, Economic Journal 26,March: 62－5
2、
资产组合平衡分析
Branson
Branson,” Asset market and relative prices in exchange rate
determination”, 1977
3、
利率平价理论
4、
一价定律
Izard
Isard, p. 1979, “How far can we push the law of one price?”
American Economic Review 67
5、
特里芬难题
特里芬
Triffen,R.1960, “ Golden and dollar crisis”, New Haven: Yale
University Press
6、
M－F模型
Mundell R.A
Mundell R.A ,“The appropriate use of monetary and fiscal
policy under fixed exchange rate” IMF Staff Paper, 1962
7、
格雷欣法则
Thomas Gresham
1560, Thomas Gresham 1869, “The history of economics”,
London: bliss, sands and Co.
8、
J－曲线效应
(J－curve effect)
麦吉
Magee, S., 1973, “Currency contracts, pass-through , and
duation” Brookings paper on economic Activity”
9、
国际收支的吸收分析法(Absorption approach to the balance of
payments)
亚历山大
Alexander, S. S., 1952, “effects of duation on a trade
balance”, International monetary fund Staff papers,
Vol.2:263-78
Alexander, S.S.,1959, “A simplified synthesis of elastic ties and
absorption approaches”, American Economic Review 49:22-42
10、
最优货币区理论
(optimal currency areas)
蒙代尔
Mundell,R.A.1961, “A theory of optimum currency areas”,
American Economic Review,September:657-65
11、
国际收支的弹性分析方法
(Elasticities approach to the balance of payments)
查尔斯.比克迪克
Bickerdike, C.F.1920, “The instability of foreign exchange”
,Economic Journal 30,March:118-22
12、
抵补利率平价
(covered interest parity)
凯恩斯
Keynes,J.M,1923 “A tract on monetary reform”, London:
Macmillan
13、
马歇尔－勒纳条件
(Marshall-Lener Condition)
马歇尔
Marshall,A.1923 “Money, credit and commerce” London:
Macmillan
14、
货币贬值的吸收方法
悉尼.亚特兰大
Alexander,S. 1952, “Effects of a duation on a trade balance”
,International Monetary Fund Staff Paper 2 :263-78
15、
货币贬值的货币方法
蒙代尔
Mundell,R.A. 1971, “monetary theory” pacific palisades: Good
year
16、
国际收支依赖性
经济模型
斯旺
Swan, T.W. 1960, “Economic control in a dependent economy”,
Economic record 36:51-66
17、
汇率超调模型
多恩布什
Dornbusch, R. 1976, “Expectations and exchange rate
dynamics”, Journal of Political Economy 84(6):1161-76
金融市场学
金融市场学
理论
作者
出处
发展
1、
随机游走模型
Kendall, Osborn, Arnold Moore
2、
有效率市场假说(Efficient market hypothesis)
Eugene Fama
Eugene Fama， “Efficient Capital Market: a Review of Theory
and Empirical Work”, Journal of Finance, May 1970
3、
规模效应（或小公司效应）
Rolf Banz
Banz,R.1981, “The relationship between return and market
value of common stock”, Journal of Financial Economics 9:3-18
小公司效应在一月份的前两个星期最为明显，见Donald Keim, “Size Related Anomalies
and Stock Return Seasonality: Future Empirical Evidence”, Journal
of Financial Economics, June 1983; Marshall Blume, Robert
Stambaugh, “Biases in Computed Returns: an Application to Size
Effect”, Journal of Financial Economics, August 1983.
4、
流动性效应
Amihud & Mendelson
5、
账面价值/市场价值比率效应
Eugene Fama, Kenneth French
Eugene Fama, Kenneth French, “The Cross Section of Expected
Stock Returns”, Journal of Finance, June 1992.
6、
逆转效应（过度反应）
DeBondt, Thaler
DeBondt, Thaler, “Does the Stock Market Overact?” Journal of
Finance, (40)1985
7、
动力效应
N. Jegadeesh, S. Titman,
N. Jegadeesh, S. Titman, “Return to Buying Winners and
Selling Losers: Implications for Stock Market Efficiency”, Journal
of Finance, (48)1993
8、
股权溢价之谜
米拉，普雷斯科特
Mehra, R. and Prescott,E.1985. “The equity premium: a
puzzle.” Journal of Monetary Economics 15(2)
9、
Grossman-Stiglitz悖论
Grossman, Sanford, J. and Stiglitz, J. E
Grossman, Sanford, J. and Stiglitz, J. E., 1980,, “On the
Impossibility of Informationally Efficient Markets”, American
Economic Review 70, 393-408
10、
现代组合理论
Harry Markowitz,
Harry Markowitz, “Portfolio Selection”, Journal of Finance,
March 1952
11、
资本资产定价模型（CAPM）
威廉?夏普
Sharpe,W.F. 1964, “Capital asset prices:a theory of market
equilibrum under conditions risk”, Journal of Finance
19,September
1.放松了关于所有资产都可以市场化的假设，推导出存在非市场化资产情况下的资产定价公式。David Mayers,
“Nonmarketable Assets and Capital Market Equilibrium under
Uncertainty”, In Studier in the Theory of Capital Markets, ed.
Michael Jensen, New York: Praeger.
2.多因素的资本资产定价模型Robert Merton, “An Intertemporal Capital Asset
Pricing Model”, Econometrica, 1973.
3.以消费为导向的资本资产定价模型Breeden D., “An Intertemporal Asset Pricing Model
with Stochastic Consumption and Investment Opportunities”, Journal
of Financial Economics, (7)1979.
12、
APT
Stephen A. Ross
Ross,S.A., “The arbitrage theory of capital asset
pricing”,Journal of Economic Theory13（3），Dec.341-60
13、
共同基金定理(mutual fund theorem)
James Tobin
James Tobin, “Liquidity Preference as Behavior toward Risk”,
The Review of Economic Studies, February 1958
14、
M－M定理（又称不相关定理）
Modigliani, Franco and Merton H. Miller
Modigliani and Miller ,“The cost of capital, corporation
finance, and the theory of investment” ,American Economic Review,
48：261－97，1958
15、
税差主义
F. Modigliani, M. H. Miller
F. Modigliani, M. H. Miller, “Dividend Policy, Growth and
the Valuation of Shares”, Journal of Business, October 1961.
F. Modigliani, M. H. Miller, “Corporate Income Taxes and the
Cost of Capital: A Correction,” American economic Review, 53(June
1963) pp.433-443认识到税收对资本结构以及企业价值的税盾（tax shield）效应，对MM定理进行了修正。
Farrar, Donald E. and Selwyn, Lee L. “Taxes, Corporate Financial
Policy and Return to Investment,” National Tax Journal, 20,
No.4(Dec. 1967), pp.444-454
Miller, Merton.H, “Debt and Taxes,” Journal of Finance 32,1977,
pp.261-275从投资者之间在边际税率上的差异这个角度出发，在一般市场均衡的条件下，科学阐述了资本结构理论。
16、
破产成本主义
Baxter, Nevins D.
Baxter, Nevins D. “Leverage, Risk of Ruin and the Lost of
Capital”, Journal of Finance, 22, no.4(September,
1967)pp.395-404
一旦债务超过可接受的水平，企业的平均资本成本就会随着债务水平的增加而增高，从而增加破产的可能性，过度的债务融资还会增加企业全部盈利的风险性，进而减少企业总价值。
参考Stiglitz, Joseph E., “A Re-Examination of the Modigliani- Miller
Theorem,” The American Review,59(Dec. 1969) pp.784-793
Stiglitz, Joseph E., “On the Irrelevance of corporate Financial
Policy,” The American Review,64(Dec. 1974) pp.851-856
17
权衡理论
Robichek, Alexander A., and Myers, Stewart,
Robichek, Alexander A., and Myers, Stewart, “Problems in the
Theory of Optimal Capital Structure”, Journal of Financial and
Quantitative Analysis, 1,no.1(1966)
Myers, Stewart, “The Capital Structure Puzzle,” Journal of Finance,
39, no.3(July 1984), pp.575-592
Masulis, Ronald W. “Discuss: How Big is the Tax Advantage to
Debt?” The Journal of Finance,39,no.3(July 1984),
pp.853-855将负债的成本从破产成本进一步扩展到代理成本、财务困境成本以及非负债税收收益的损失等方面，扩大了成本和收益的内容，形成后权衡理论。
18、
代理成本理论
M. Jensen, W. Meckling,
M. Jensen, W. Meckling, “The Theory of the Firm: Managerial
Behavior, Agency Costs, and Capital Structure”, Journal of
Financial Economics, May 1976.
19、
财务契约论
Smith, Clifford W. and Warner, Jerold B.
Smith, Clifford W. and Warner, Jerold B. “On Financial
Contracting: An Analysis of Bond Covenants,” Journal of Financial
Economics (1979)117-161
20、
信号理论
Spence, A. M. and S. A. Ross
Spence, A. M. “Job Marketing Signaling,” Quarterly Journal
of Economics 87, 1973,pp.355-374
S. A. Ross, “The Determination of Financial Structure: the
Incentive Signaling Approach”, Bell Journal of Economics,
(8)1977将信号理论运用到资本结构理论中。
21、
新融资优序论
Myers, Stewart C. and Majluf, Nicholas S.
Myers, Stewart C. and Majluf, Nicholas S. “Corporate
Financing and Investment Decisions When Firms Have Information That
Investors Do Not Have”, Journal of Financial Economics, 13(1984)
pp.187-221
22、
公司控制权市场
Henry Manne
Henry Manne, “Mergers and the Market for Corporate Control”,
Journal of Political Economics(1965) pp110-120
23、
金融契约论
Grossman, Sanford and Hart, Oliver
Grossman, Sanford and Hart, Oliver, “Takeover Bids, the Free
Rider Problem, and the Theory of Corporation”, Bell Journal of
Economics, 11, no.1(1980) pp42-63
24、
公司治理结构学说
Williamson, Oliver E
Williamson, Oliver E., “Corporate Finance and Corporate
Governance”, Journal of Finance, 43 no.3(June 1988)
pp.567-591
25、
自由现金流理论
Jensen, Michael C.
Jensen, Michael C. “Agency Costs of Free Cash Flow,
Corporate Finance and Takeover”, American Economic Review, May
1986, vol.76, no.2 pp323-329
Jensen, Michael C “The Free Cash Flow Theory of Takeover: A
Ainancial Perspective on Mergers and Acquisitions and the Economy”,
“The Merger Boom”, Proceedings of a conference sponsord by Federal
Reserve Bank of Boston, Oct.1987, pp.102-143.
26、
市场无效说
Delong, Shleifer, Summers, Waldmann,
Delong, Shleifer, Summers, Waldmann, “Noise Trader Risk in
financial Markets”, Journal of Political Economy, (98)1990.
27、
行为资本资产定价模型
Hersh Shefrin, Meir Statman,
Hersh Shefrin, Meir Statman, “Behavioral Capital Asset
Pricing Theory”, Journal of Financial and Quantative Analysts,
September 1994.
28、
期望理论（又称前景理论）
D. Kahneman, A.Tversky
D. Kahneman, A.Tversky, “Prospect Theory: An Analysts of
Decision Making Under Risk”, Econometrica, March 1979.
29、
积极反馈投资策略
Summers
De long, J.B. Shleifer, A. Summers and Roberts J.W,
“Positive feedback investment strategies and destabilizing rational
speculation”, The Journal of Finance, Vol. 45
30、
噪声交易
Noise trade
Black ,F
Black ,F, 1986, “Noise”,Journal of Finance
41,July:529-43
31、
MBO
32、
无套利模型
休伯曼
Huberman,G.1982, “A simple approach to arbitrage pricing”,
Journal of Economic theory28：183－91
33、
布莱克－斯科尔斯期权定价模型
布莱克、斯科尔斯
Black,F. and Scholes,M.J.1973, “The pricing of options and
corporate liabilities”, Journal of Political
Economy81(3),May:637-54
34、
二项式期权定价模型
考克斯（Cox）、罗斯（Ross）、罗宾斯坦（Robinstein）等人于1979年在《金融经济学月刊》上发表了论文期权定价：一种简易的方法
35、
贴现现金流模型(Discount cash flow model)
布伦南
Brennan,M. 1979, “The pricing of contingent claims in
discrete time models”, Journal of Finance34 :53-68
36、
贝叶斯决策理论
Bayesian decision theory
托马斯.贝叶斯
Bayes,T.1763,”An essay towards solving a problem in the
doctrine of chances”, Philosophical Transactions of the royal
society:370-418
37、
折旧的经济理论
霍特林
Hotelling ,H.1925. “A general mathematical theory of
depreciation”, Journal of the American statistical association 20,
September: 340-53
38、
违约溢价模型
默顿
Merton,R.C. 1974, “on the pricing of corporate debt: the
risk structure of interest rates”, Journal of Finance
29:449-70
39、
股票回报模型
希勒
Shiller,R. 1981, “Do stock prices move too much to be
justified by subsequent changes in dividends?” American Economic
Review 71:421-36
40、
委托－代理模型
哈特
Hart,O. 1983 “Optimal lab information :an
introduction”,Review of Economic Studies 50:3-35
41、
公司控制理论
施莱弗、萨默斯
Shleifer ,A. and Summers, L. 1988 , “Breach of trust in
hostile takeovers”, In Corporate Takeovers: Causes and consequences
ed. A. Auerbach, Chicago Press
42、
公司治理结构
法马
Fama,E. 1980, “Agency problems and the theory of the firm”,
Journal of Political Economy 88:288-307
43、
委托－代理
(Principle and Agency)
罗斯
Ross,S. 1973, “The economic theory of agency: the
principle’s problem”, American review 63(20，May:134-9
44、
非公开信息
哈里斯
Harris,I.E. “Liquidity, trading rules,and electronic trading
systems”, Monograph Serious in Finance and Economics,New York
University Salomon Ceter,New York
45、
风险厌恶
普拉特
Pratt,J.W.1964.,“Risk aversion in small and in large”,
Econometric 32:122-36
46、
理性泡沫模型
Flood, Garber
Flood,R.P. and Garber, P.M. “Market fundamentals Versus
price-level bubbles: The first Tests”, Journal of Political
Economy, August 1980
47、
系统性风险
威廉.夏普
Sharp,W.1964, “Capital asset prices: a theory of market
equilibrium under conditions of risks” Journal of Finance
19:425-42
48、
股利折现模型
49、
股利增长模型
银行中介
银行
中介
理论
作者
出处
1、
逆向选择
Akerlof
Akerlof ,The market for “Lemons”, Quarterly Economics 84(3),
Aug.488-500
2、
不完全信息理论
Stiglitz和Weiss
Stiglitz,Weiss “A credit rationing in markets with imperfect
information”, American Economics Review, June 1981
3、
信用可获性理论
R.V. Rosa G., H. Kare Kenn
R.V. Rosa G., H. Kare Kenn,
“Interest rate and central bank”, Money, Trade and Economic Growth,
1951
“Lenders’ preferences, credit rationing and the effectualness of
monetary policy”,Review of Economics and statistic, Aug. 1957
4、
道德风险
(Moral Hazard)
阿罗
Arrow K.J .1964,“Essays in the Theory of risk- Bearing.
Chicago： Aldine
5、
适应性预期
(adaptive expectation）
欧文.费雪
Fisher, I. 1911, “The purchasing power of money”, New York:
Macmillan; latest edn, A.M. Kelley: New York, 1963
6、
资金可得性学说
鲁萨
Roosa,R.V.1951, “Interest rates and the central bank” In
money, Trade, and Economic Growth: Essays in Honor of John H.
Williams, New York: Macmillan
7、
不完全信息条件下的信贷配给模型
斯蒂格利茨，韦斯
Stiglitz,J. and Weiss,A.1981,“Credit rationing in markets
with imperfect information”, American Economic
Review71(3),June:393-410
8、
戴蒙德模型
戴蒙德
Diamond ,D. 1984, “Financial intermediation and delegated
monitoring”, Review of Economic studies 51:393-414
9、
利率期限结构理论
10、
真实票据学说
11、
自由银行学派
