【摘要】 金融风险指金融市场参与者在金融活动中对未来结果不确定性的暴露。根据风险的不同来源,金融风险可分为市场风险、信用风险、流动性风险和操作风险四类,以这些风险为基础,金融风险管理也分为相应的四类。随着全球金融市场的发展,出现了众多传统金融风险管理理论无法解释的现象,这促进了包括行为金融学和经济物理学的新金融学的发展。以心理学为基础的行为金融学认为市场参与者并非完全理性,而以物理学理论和方法为基础的物理金融学则认为金融市场是复杂非线性系统。更多还原

【Abstract】 Financial risks are exposures of uncertainties for those participants in financial markets.According to different origins,financial risks can be divided four categories,i.e.,market risk,credit risk,liquidity risk and operational risk.Correspondingly there are four kinds of risk management technologies.With the development of global financial markets,many anomalies which can not be explained by traditional financial risk management theories come forth.These phenomena have accelerated the development of behavioral finance and econophysics.Based on psychology,behavioral finance thinks market participants are not completely rational.However based on physics theories,econophysics considers financial markets as a complex and nonlinear system.更多还原