1、《经济学原理》 N·格里高利·曼昆（N.Gregory Mankiw），中国人民大学出
版社。
2、《应用经济计量学》拉姆·拉玛纳山（Ramu Ramanathan），机械工业出版社。
3、《货币金融学》 弗雷德里克·S·米什金 （Fredcric S.Mishkin），中国人民
大学出版社。
4、《金融学》 兹维·博迪、罗伯特·默顿，中国人民大学出版社。
5、《公司理财》 斯蒂芬·A·罗斯， 机械工业出版社。
6、《投资学精要》 兹维·博迪 ，中国人民大学出版社。
7、《国际金融管理》 Jeff.Madura，北京大学出版社。
8、《固定收入证券市场及其衍生产品》 Suresh.M.Sundaresan，北京大学出版社。
9、《银行管理——教程与案例》（第五版），乔治·H·汉普尔，中国人民大学出
版社。
10、《投资组合管理：理论及应用》小詹姆斯·法雷尔，机械工业出版社。
11、《衍生金融工具与风险管理》 唐·M·钱斯（Don.M.Chanc），中信出版社
攻读博士学位预备生精读书目
陈雨露、张杰、瞿强联合推荐 2004-12-7 1908
1、《经济学原理》 N·格里高利·曼昆 （N.Gregory Mankiw），中国人民大学出
版社。
2、《应用经济计量学》 拉姆·拉玛纳山（Ramu Ramanathan），机械工业出版社。
3、《金融经济学》（德）于尔根·艾希贝格尔，西南财经大学出版社。
4、《货币金融学》 弗雷德里克·S·米什金 （Fredcric S.Mishkin），中国人民
大学出版社。
5、《金融学》 兹维·博迪、罗伯特·默顿，中国人民大学出版社。
6、《国际经济学》（美）保罗·克鲁德曼，中国人民大学出版社。
7、《比较金融系统》富兰克林·艾伦，王晋斌等译，中国人民大学出版社。
8、《世界经济千年史》（英）安格斯·麦迪森（Angus Maddison），北京大学出版
社。
9、《金融市场与金融机构基础》（美）弗朗哥·莫迪利亚尼，清华大学出版社199
9版。
10、《微观银行学》弗雷克斯，西南财经大学出版社。
11、《公司理财》斯蒂芬·A·罗斯，机械工业出版社。
12、《投资学》兹维·博迪，中国人民大学出版社
金融学推荐阅读原创论文目录
货币经济学
货币经济学 理论 作者 出处
1、 剑桥方程式 马歇尔、庇古 Pigou,A.C. , “The value of money” Quarterl
y Journal of Economics 32,Nov.38-56,1917
2、 模仿传染模型 Lux. T Lux.T, “Herd behavior, bubbles and crashes”, T
he Economic Journal, Vol. 105, pp 881-896, 1995
3、 托宾q效应 托宾 Tobin, “A general equilibrium approach to monetary t
heory”, Journal of Money, Credit and Banking, pp15-29, Feb. 1969
4、 消费的财富效应 莫迪利亚尼 Franco Modigliani, “Monetary Policy and C
onsumption”, in Consumer Spending and Money Policy: The Linkages (Feder
al Reserve Bank of Boston. 1971), pp9-84
5、 流动性偏好 凯恩斯 Kenyes,J.M.,1936,“The general theory of employmen
t, interest rate and money” in the collected writings of John Maynard K
eeynes,Vol.6 London :Macmillan,1971
6、 真实经济周期模型 基德兰德、普雷斯科特 Kydland,F.E.and Prescott,E.C..
“Time to build and aggregate fluctuations”, Econometrica 50(6),Novemb
er:1345-70, 1982
7、 泰勒规则 泰勒 Taylor J., “Discretion versus policy rules in practic
e”, Carnegie-Rochester Conference Series on Public Policy, Vol.39, 1993
8、 动态非一致性博弈模型 Kydland,F,E and Prescott,E.C. Kydland,F,E and P
rescott,E.C. ,“Rules rather than discretion: the inconsistency of optim
al plans”, Journal of Political Economy, Vol.85, PP473, June 1977
9、 MCI Freedman, C Freedman, C ,“The use of indicators and the monetar
y conditions index in Canada” in Balino, T.J.T and Cottarelli,C eds. “
works of monetary stability-policy issues and country experiments”
, IMF, PP470, 1994
10、 跨期生活费用指数 Alchian和Klein Alchian, Klein “On a correct measu
re inflation”, Journal of Money, Credit and Banking, Feb. 1973
11、 动态均衡物价指数 Shibuya Shibuya ,“Dynamic equilibrium price index
: asset price and inflation”, Monetary and Economic Studies, Institute
for Monetary and Economic Studies, Bank of Japan, 10(1), 1992
12、 有弹性的通货膨胀目标 Ben Bernanke and Mark Gertler Ben Bernanke and
Mark Gertler,“Monetary policy and asset price volatility”, in “New C
hallenge for Monetary Policy”, Jackson Hole, August 26-28,1999
13、 金融体系内在脆弱性假说 米什金 Minsky,H.“the financial instability
hypothesis： a restatement ”帕77
14、 生命周期假说 (Life cycle hypothesis) 莫迪利亚尼、布伦伯格 Modiglian
i,F and brumberg, F ,1954, “ Utility analysis and the consumption funct
ion :an interpretation of cross-section data.in post-keynesian economics
”, ed.K.K. Kurihara, New Brunswick: Rutgers university pressModigliani,
F and brumberg, F 1954. “Utility analysis and aggregate consumption fun
ctions :an attempt at integration” in the collected papers of franco mo
digliani ,vol.2,the life cycle hypothesis of saving,ed.A.Abel, Cambridge
, Mass: MIT Press,1980:79-127
15、 流动性偏好 (Liquidity preference) 凯恩斯 Keynes，J.M. , 1937 ,“Alt
ernative theories of the rate of interest”, Economic Journal 47, June :
241-52, in the general theory and after ;part 2 defence and development
, collected writing of J.M. Keynes Vol.XIV, ed.D.E. Moggride, London: Ma
cmllanKeynes，J.M. 1936, “The general theory of employment, interest an
d money”,.In collected writing of J.M. Keynes Vol.XII, ed. D.E. Moggrid
e, London: Macmllan
16、 通货膨胀缺口 (Inflation Gap) 凯恩斯 Keynes, J.M 1940,”How to pay f
or the war”, Lodon” Macmillan. Reprinted in essays in persuadsion: The
collected Writing of Jonh Mayynard Keynes Vol.IX, London Macmillan,1972
17、 IS-LM模型 希克斯，汉森 J.R.Hicks,1937,《凯恩斯先生与古典经济学：一个
尝试性解释》，计量经济学年会
18、 银行的衍生存款理论(derivative deposit theory of banking) 詹姆斯.彭宁
顿 “Observations on the private banking establishments of the metropoli
s: first memorandum to huskisson”, In Economic writings of James pennin
gton, ed. R.S. sayers, London The London School of Economics and politic
al Science, 1963
19、 金融加速因子 伯南克，哥特勒等 Ben Bernanke, Mark Gertler and Simon
Gilchrist, “The financial accelerator in a quantitative business cycle
work”, NBER Working Paper 6455
20、 费雪效应 费雪 Fisher, I. 1930 “The theory of Interest” New York:
Macmillan Company
21、 乘数理论 汉森 Hansen,A.H.1941 “business cycles and national income
” New York: Norton
22、 “稳定黄金”法则
23 最优货币量学说 米尔顿.弗里德曼 Friedman,M.,1969, “The optimal quanti
ty of money” in The optimum quantity of money and other essays, Chicago
: Aldine
24、 恒久性收入 弗里德曼 Friedman,M. 1957, “A theory of consumption fun
ction”, Princeton university Press
25、 鲍莫尔-托宾的存货理论 鲍莫尔、托宾 Baumol, W.J. 1952 “The transact
ions demand for cash: an inventory theoretic approach” , Quarterly Jour
nal of Economics 66,Nov. 545-56Tobin, J. 1956 “The interest –elasticit
y of transactions demand for cash”, Review of economics and statistics
29, May :124-31
26、理性预期模型 汉森、萨金特 Hansen, L. and Sargent ,T. 1981 “Linear
rational expectations models for dynamically interrelated variables. In
Rational Expectations and Econometric practice, ed. R.Lucas, Jr. and T.
Sargent, Minneapolis: University of Minnesota Press
27、 通货膨胀税
28、 金融结构 雷蒙德.W.戈德史密斯《发达国家的金融结构与经济增长－关于金
融形态的比较试验》,1955
29、 金融抑制金融深化罗纳德·I·麦金农和爱德华·S·肖 《经济发展中的货币
和资本》与《经济发展中的金融深化》The American Economic Review，1970s
30、 利率的期限结构模型 萨金特 Sargent, T. 1979, “A note on maximum lik
elihood estimation of the rational expectations model of the term struct
ure”, Journal of Monetary Economics 5:133-43
31、 永久收入假设克里斯蒂诺、艾肯鲍姆、马歇尔 Christensen,L., Eichenbau
m ,M. and Marshall, D. 1911. “The permanent income hypothesis revisited
”, Econometrica 59;397-424
32、 货币中性 (Neutrality of money) 哈耶克 Hayek,F.A. von. 1931 “Prices
and production”, London: George Routledge
33、 货币交易方程式 费雪 Fisher,I.1911, “The purchasing power of money”
,2nd revised edn.1926; reprinted New York:Kelley,1963
34、 可贷资金理论
35、 流动性升水理论
36、 货币的替代效应
37、 哈恩难题
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 o
f economics”, London: bliss, sands and Co.
8、 J－曲线效应 (J－curve effect) 麦吉 Magee, S., 1973, “Currency contr
acts, pass-through , and devaluation” Brookings paper on economic Activ
ity”
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 devaluation on a trade ba
lance”, International monetary fund Staff papers, Vol.2:263-78Alexander
, S.S.,1959, “A simplified synthesis of elastic ties and absorption app
roaches”, 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 pay
ments) 查尔斯.比克迪克 Bickerdike, C.F.1920, “The instability of foreig
n 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 t
ract 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
devaluation on a trade balance” ,International Monetary Fund Staff Pape
r 2 :263-78
15、 货币贬值的货币方法 蒙代尔 Mundell,R.A. 1971, “monetary theory” pa
cific 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 exchan
ge 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”, Jo
urnal of Finance, May 1970
3、 规模效应（或小公司效应） Rolf Banz Banz,R.1981, “The relationship b
etween return and market value of common stock”, Journal of Financial E
conomics 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 Ev
idence”, Journal of Financial Economics, June 1983; Marshall Blume, Rob
ert Stambaugh, “Biases in Computed Returns: an Application to Size Effe
ct”, 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, K
enneth 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 Sto
ck 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 Effi
ciency”, 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 e
quity premium: a puzzle.” Journal of Monetary Economics 15(2)
9、 Grossman-Stiglitz悖论 Grossman, Sanford, J. and Stiglitz, J. E Gross
man, Sanford, J. and Stiglitz, J. E., 1980,, “On the Impossibility of I
nformationally Efficient Markets”, American Economic Review 70, 393-408
10、 现代组合理论 Harry Markowitz, Harry Markowitz, “Portfolio S
election”, Journal of Finance, March 1952
11、 资本资产定价模型（CAPM） 威廉?夏普 Sharpe,W.F. 1964, “Capital asse
t 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 Asse
ts 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 Pric
ing 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 a
nd Investment Opportunities”, Journal of Financial Economics, (7)1979.
12、 APT Stephen A. Ross Ross,S.A., “The arbitrage theory of capital as
set pricing”,Journal of Economic Theory13（3），Dec.341-60
13、 共同基金定理(mutual fund theorem) James Tobin James Tobin, “Liquid
ity 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 t
he 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 Busine
ss, October 1961. F. Modigliani, M. H. Miller, “Corporate Income Taxes
and the Cost of Capital: A Correction,” American economic Review, 53(Ju
ne 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, C
orporate Financial Policy and Return to Investment,” National Tax Journ
al, 20, No.4(Dec. 1967), pp.444-454Miller, 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 o
f 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-Examin
ation of the Modigliani- Miller Theorem,” The American Review,59(Dec. 1
969) pp.784-793Stiglitz, Joseph E., “On the Irrelevance of corporate Fi
nancial Policy,” The American Review,64(Dec. 1974) pp.851-856
17 权衡理论 Robichek, Alexander A., and Myers, Stewart, Robichek, Alexan
der 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, 3
9, no.3(July 1984), pp.575-592 Masulis, Ronald W. “Discuss: How Big i
s 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 Struc
ture”, 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 Bon
d 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. R
oss, “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, Stewa
rt C. and Majluf, Nicholas S. “Corporate Financing and Investment Decis
ions When Firms Have Information That Investors Do Not Have”, Journal o
f Financial Economics, 13(1984) pp.187-221
22、 公司控制权市场 Henry Manne Henry Manne, “Mergers and the Market fo
r 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 o
f 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., “Corp
orate Finance and Corporate Governance”, Journal of Finance, 43 no.3(Ju
ne 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 Ca
sh Flow Theory of Takeover: A Ainancial Perspective on Mergers and Acqui
sitions and the Economy”, “The Merger Boom”, Proceedings of a confere
nce sponsord by Federal Reserve Bank of Boston, Oct.1987, pp.102-143.
26、 市场无效说 Delong, Shleifer, Summers, Waldmann, Delong, Shleifer, S
ummers, 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, Me
ir Statman, “Behavioral Capital Asset Pricing Theory”, Journal of Fina
ncial and Quantative Analysts, September 1994.
28、 期望理论（又称前景理论） D. Kahneman, A.Tversky D. Kahneman, A.Tver
sky, “Prospect Theory: An Analysts of Decision Making Under Risk”, Eco
nometrica, March 1979.
29、 积极反馈投资策略 Summers De long, J.B. Shleifer, A. Summers and Rob
erts J.W, “Positive feedback investment strategies and destabilizing ra
tional 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（Robinstei
n）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 F
inance34 :53-68
36、 贝叶斯决策理论 Bayesian decision theory 托马斯.贝叶斯 Bayes,T.17
63,”An essay towards solving a problem in the doctrine of chances”, Ph
ilosophical Transactions of the royal society:370-418
37、 折旧的经济理论 霍特林 Hotelling ,H.1925. “A general mathematica
l theory of depreciation”, Journal of the American statistical associat
ion 20, September: 340-53
38、 违约溢价模型 默顿 Merton,R.C. 1974, “on the pricing of corporat
e debt: the risk structure of interest rates”, Journal of Finance 29:44
9-70
39、 股票回报模型 希勒 Shiller,R. 1981, “Do stock prices move too mu
ch to be justified by subsequent changes in dividends?” American Econom
ic Review 71:421-36
40、 委托－代理模型 哈特 Hart,O. 1983 “Optimal lab information :an i
ntroduction”,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，Ma
y:134-9
44、 非公开信息 哈里斯 Harris,I.E. “Liquidity, trading rules,and electr
onic trading systems”, Monograph Serious in Finance and Economics,New Y
ork 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 P
olitical 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 |
收藏
点赞!
反对!