This paper adopts GARCH model with GED distribution to estimate the conditional VaR in both upside and downside directions at the confidence level of 90% and 95%,and then utilizes the Granger causality in risk to uncover the extreme risk spillover effect between WTI and Daqing oil markets,the daily data of oil price in two markets ranging from May 2000 to May 2005.

As two financial stock markets are considered as effective financial markets,it is possible to test the lagged correlation coefficients by using Wishart Test to measure the risk overflow period and the risk overflow strength.

As two financial stock markets are considered as effective financial markets,it is possible to test the lagged correlation coefficients by using Wishart Test to measure the risk overflow period and the risk overflow strength.

Three-Factor Model With Time-Varying and Risk Premium in Chinese Stock Market;

An Empirical Study on the Systematic Risk Premium and Illiquidity RiskPremium of the Shanghai Stock Market Based on the Time Series;

This text comprehensively analyses the feasibility of capital assets pricing model (CAPM) in the appraisal field, and positively analyses the calculating form of coefficient in model, such as risk -free rate of returns, risk premium, enterprise risk measure β coefficient, etc.

Research on dike breach risk of the hanging reach under different flood conditions in the Lower Yellow River;

In the developed financial markets,the term structure of repo rate follows pure expectation hypothe- sis,and risk premium is not significant both economically and statistically.

With weekly data of repo term structures in the Shanghai Stock Exchange from January 4 1999 to November 8 2004,it is found that term structure of repo rates has obvious risk premium,and pure expectations hypothesis can t explain the term structure behavior.