Guarantee Security for Study Abroad-the Design of a Financial Product
DOI: 10.23977/ferm.2022.050308 | Downloads: 16 | Views: 566
Author(s)
Kefan Jiang 1
Affiliation(s)
1 Xiamen University, Xiamen 361000, Fujian, China
Corresponding Author
Kefan JiangABSTRACT
The cost is about 2.5 million for a Chinese student learning in the USA without a green card, which is not a small expenditure for most common families, serving as a burden for them. Moreover, the Sino-US currency has been fluctuating, bringing risk to these families to some extent. Considering the risk of fluctuating currency, the researchers plan to design a financial product to hedge the risk of fluctuating currency for families affording students studying in the USA, which attempts to lower the risk of Sino-Us currency under the precondition of preservation.
KEYWORDS
Financial Products, Options, Exchange RiskCITE THIS PAPER
Kefan Jiang, Guarantee Security for Study Abroad-the Design of a Financial Product. Financial Engineering and Risk Management (2022) Vol. 5: 67-72. DOI: http://dx.doi.org/10.23977/ferm.2022.050308.
REFERENCES
[1] Shefrin, Hersh, and Meir Statman. "Behavioral Aspects of the Design and Marketing of Financial Products." Financial Management 22, no. 2(1993): 123–34.
[2] Silber, William L. "The Process of Financial Innovation." The American Economic Review 73, no. 2 (1983): 89–95.
[3] Marc Oliver Rieger (2012). Why Do Investors Buy Bad Financial Products? Probability Misestimation and Preferences in Financial Investment Decision, Journal of Behavioral Finance, 13:2, 108-118.
[4] Davison, H., Watkins, T. and Wright, M. (1989), "Developing New Personal Financial Products – Some Evidence of the Role of Market Research", International Journal of Bank Marketing, Vol. 7 No. 1, pp. 8-15.
[5] Yuan Jing. Analysis on the Development of PSBC's Overseas Financial Services. Xiamen University, 2017.
[6] Gaurav S, Cole S, Tobacman J. Marketing Complex Financial Products in Emerging Markets: Evidence from Rainfall Insurance in India. Journal of Marketing Research. 2011; 48(SPL):S150-S162.
[7] Hubert Dichtl, Wolfgang Drobetz, Portfolio insurance and prospect theory investors: Popularity and optimal design of capital protected financial products, Journal of Banking & Finance, Volume 35, Issue 7, 2011, Pages 1683-1697, ISSN 0378-4266.
[8] Rajshekhar (Raj) G. Javalgi & Paul Dion (1999) A Life Cycle Segmentation Approach to Marketing Financial Products and Services, The Service Industries Journal, 19:3, 74-96.
[9] Cui Hairong, He Jianmin, Hu Xiaoping. Optimal design and pricing of structured financial products: From the perspective of issuers and investors. Management science, 2010, 18(04):8-13.
[10] Chen Zequn. Study in structured finance products design. Journal of Yangtze river technology economy, 2020, 4 (S2): 130-132.
Downloads: | 14785 |
---|---|
Visits: | 316434 |
Sponsors, Associates, and Links
-
Information Systems and Economics
-
Accounting, Auditing and Finance
-
Industrial Engineering and Innovation Management
-
Tourism Management and Technology Economy
-
Journal of Computational and Financial Econometrics
-
Accounting and Corporate Management
-
Social Security and Administration Management
-
Population, Resources & Environmental Economics
-
Statistics & Quantitative Economics
-
Agricultural & Forestry Economics and Management
-
Social Medicine and Health Management
-
Land Resource Management
-
Information, Library and Archival Science
-
Journal of Human Resource Development
-
Manufacturing and Service Operations Management
-
Operational Research and Cybernetics