题目内容
In October 2002, Goldman Sachs and Deutsche Bank 1 a new electronic market (www.gs.com/econderivs/) for economic indices that 2 substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a 3 rating technology, developed by Longitude, a New York company providing software for financial markets, 4 the Parimutuel Digital Call Auction. This is "digital" 5 of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and 6 the specified index falls in a specified range. By creating horses for every possible 7 of the index, and allowing people to bet 8 any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.Ten years ago it was 9 impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to 10 the risk in their portfolios. This has led to a proliferation of types of home loan, some of 11 have improved risk-management characteristics.We are also beginning to see new kinds of 12 for homes, which will make it possible to protect the value of 13 ,for most people, is the single most important 14 of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, 15 last year in the city of Syracuse, in New York state, may be a model for home-equity insurance policies that 16 sophisticated economic indices of house prices to define the 17 of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now 18 developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.These examples are not impressive successes yet. But they 19 as early precursors of a technology that should one day help us to deal with the massive risks of inequality that 20 will beset us in coming years.
查看答案
搜索结果不匹配？点我反馈
更多问题
You probably won"t be shocked to find out that the inventor of tire rubber is Charles Goodyear, as he"s the only guy on the list to actually get his name attached to the end product. (46)It wasn"t easy coming up with a form of rubber tough enough to withstand the drag racing and car chases everyone envisioned the day the automobile was invented.In fact, if there was one man who should have given up his life dream, it was Goodyear. (47)The man spent time in and out of prison, lost every friend he had and starved his children in his tireless pursuit of a stronger form of rubber.(48)After his first two years of tinkering and failing with primitive rubber in the 1830s, Goodyear and his family were camping out in an abandoned factory and fishing for sustenance.This is when he made a huge breakthrough: He"d use acid to smooth out and toughen rubber! The government bought 150 mailbags made of the stuff and the rest is...Oh, wait. They were all defective. The process didn"t work and Goodyear was ruined. Again.Finally in 1839, Goodyear wandered into a general store with another failure of a formula. The crowd watched and laughed at him. (49)In a rage, he began to shake his fist, flinging a piece of his rubber onto the hot stove top.After inspecting the charred remains, he realized that he had just found a way to make durable, weatherproof rubber. (50)Despite what we"re sure were numerous failed "now let"s try setting this on fire to see if it improves it!" experiments, an empire was born.
In October 2002, Goldman Sachs and Deutsche Bank 1 a new electronic market (www.gs.com/econderivs/) for economic indices that 2 substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a 3 rating technology, developed by Longitude, a New York company providing software for financial markets, 4 the Parimutuel Digital Call Auction. This is "digital" 5 of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and 6 the specified index falls in a specified range. By creating horses for every possible 7 of the index, and allowing people to bet 8 any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.Ten years ago it was 9 impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to 10 the risk in their portfolios. This has led to a proliferation of types of home loan, some of 11 have improved risk-management characteristics.We are also beginning to see new kinds of 12 for homes, which will make it possible to protect the value of 13 ,for most people, is the single most important 14 of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, 15 last year in the city of Syracuse, in New York state, may be a model for home-equity insurance policies that 16 sophisticated economic indices of house prices to define the 17 of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now 18 developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.These examples are not impressive successes yet. But they 19 as early precursors of a technology that should one day help us to deal with the massive risks of inequality that 20 will beset us in coming years.
In October 2002, Goldman Sachs and Deutsche Bank 1 a new electronic market (www.gs.com/econderivs/) for economic indices that 2 substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a 3 rating technology, developed by Longitude, a New York company providing software for financial markets, 4 the Parimutuel Digital Call Auction. This is "digital" 5 of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and 6 the specified index falls in a specified range. By creating horses for every possible 7 of the index, and allowing people to bet 8 any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.Ten years ago it was 9 impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to 10 the risk in their portfolios. This has led to a proliferation of types of home loan, some of 11 have improved risk-management characteristics.We are also beginning to see new kinds of 12 for homes, which will make it possible to protect the value of 13 ,for most people, is the single most important 14 of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, 15 last year in the city of Syracuse, in New York state, may be a model for home-equity insurance policies that 16 sophisticated economic indices of house prices to define the 17 of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now 18 developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.These examples are not impressive successes yet. But they 19 as early precursors of a technology that should one day help us to deal with the massive risks of inequality that 20 will beset us in coming years.
In October 2002, Goldman Sachs and Deutsche Bank 1 a new electronic market (www.gs.com/econderivs/) for economic indices that 2 substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a 3 rating technology, developed by Longitude, a New York company providing software for financial markets, 4 the Parimutuel Digital Call Auction. This is "digital" 5 of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and 6 the specified index falls in a specified range. By creating horses for every possible 7 of the index, and allowing people to bet 8 any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.Ten years ago it was 9 impossible to make use of electronic information about home values. Now, mortgage lenders have online automated valuation models that allow them to estimate values and to 10 the risk in their portfolios. This has led to a proliferation of types of home loan, some of 11 have improved risk-management characteristics.We are also beginning to see new kinds of 12 for homes, which will make it possible to protect the value of 13 ,for most people, is the single most important 14 of their wealth. The Yale University-Neighbourhood Reinvestment Corporation programme, 15 last year in the city of Syracuse, in New York state, may be a model for home-equity insurance policies that 16 sophisticated economic indices of house prices to define the 17 of the policy. Electronic futures markets that are based on econometric indices of house prices by city, already begun by City Index and IG Index in Britain and now 18 developed in the United States, will enable home-equity insurers to hedge the risks that they acquire by writing these policies.These examples are not impressive successes yet. But they 19 as early precursors of a technology that should one day help us to deal with the massive risks of inequality that 20 will beset us in coming years.
微信支付 
支付宝支付