what does the CAPM allow you to cal

what does the CAPM allow you to calculate?
The interbank market has historically operated, on its highest levels, as a no-name market. This meant that for the banks at the highest level of international credit quality, interbank transactions could be conducted without discriminating by name. Therefore, they traded among arethemselves at no differential credit risk premiums. A major money center bank trading on such a levelwas said to be trading on-the-run. Thus, on-the-run banks are viewed to have steadfast credit quality. Banks that are not on-the-run are considered to be of less credit quality, sometimes reflecting more country risk than credit risk, and pay slightly higher rates in the interbank market
Interbank Markets are then credit markets, in structure somewhat similar to
any other such market. Although they are of particular importance to the
functioning of the monetary system, in principle lending banks face credit risks
not dissimilar to those they face when lending to other types of agents in the
economy. Although such risks were previously considered to be very low

Interbank Market. Why do you believe it is important for many of the world’s largest commercial and
investment banks to be considered on-the-run in the interbank market?
One of the traditional attributes of the on-the-run interbank market was the ability of the top tier banks to
lend and transact amongst themselves internationally without distinguishing credit quality. It allowed
“tiering” in the interbank market, which had proven over time to be fast and efficient for the conduct of
international financial transactions.

Results (English) 1:

what does the CAPM allow you to calculate?The interbank market has historically operated, on its highest levels, as a no-name market. This meant that for the banks at the highest level of international credit quality, interbank transactions could be conducted without discriminating by name. Therefore, they traded among arethemselves at no differential credit risk premiums. A major money center bank trading on such a levelwas said to be trading on-the-run. Thus, on-the-run banks are viewed to have steadfast credit quality. Banks that are not on-the-run are considered to be of less credit quality, sometimes reflecting more country risk than credit risk, and pay slightly higher rates in the interbank marketInterbank Markets are then credit markets, ing structure somewhat similar toany other such market. Although they are of particular importance to thefunctioning of the monetary system, in principle lending banks face credit risksnot dissimilar to those they face when lending to other types of agents in theeconomy. Although such risks were previously considered to be very lowInterbank Market. Why do you believe it is important for many of the worlds largest commercial andinvestment banks to be considered on-the-run in the interbank market?One of the traditional attributes of the on-the-run interbank market was the ability of the top tier banks tolend and transact amongst themselves internationally without distinguishing credit quality. It allowed"tiering" in the interbank market, which had proven over time to be fast and efficient for the conduct ofinternational financial transactions.

Results (English) 3:

什么是资本资产定价模型允许你计算？
同业拆借市场过去的经营，在其最高水平，作为一个没有名字的市场。这意味着在国际信用质量最高的银行，银行同业交易可以在没有歧视的名字了。因此，他们之间的交易本身是不差的信用风险溢价。在这样一个水平主要货币中心银行的交易是在润贸易说。因此，对民营银行是有坚定的信贷质量。银行不在运行被认为是减少信贷质量，有时反映更多的国家风险比信用风险，在银行间市场同业拆借市场
支付率稍高，然后信贷市场，在结构上类似于任何其他市场
。虽然他们对
货币系统的运作，尤其重要的，原则上贷款银行面临的信用风险
那些他们不一样时，贷款的其他类型的药物在
经济。虽然这样的风险以前被认为是非常低的

同业拆借市场。为什么你认为，许多世界上最大的商业和
投资银行在银行间市场的运行是很重要的？
之一的运行上的银行间市场传统的属性是顶级银行贷款和办理国际
之间没有区分信用质量的能力。它允许
“分层”在银行间市场，这证明了随着时间的推移是快速高效的
国际金融交易行为。