金融资产价格信息含量的提炼是近年来发展起来的一个新的金融学研究领域。其力求以最少的假定,从各种金融资产的市场价格中准确提炼出市场对各种风险和价格走向的预期,把市场价格准确“翻译”成人们易于理解的形式,属于实证经济学的范畴。本文对不同的资产介格可能蕴含的信息及其提炼方法进行了阐述,力图为进一步研究提供研究思路和指引。
The refining of information contents of financial asset prices is a new field of financial studies in recent years. It proposes hypotheses as less as possible to get market expectation of all risks and prices from the market prices of various financial assets, and "interprets" market prices into understandable forms. The refining belongs to the category of empirical economies. This article discusses possible information in different types of asset prices as well as the refining method, trying to provide thinking and guidance for further research.