Asset-liabilitymanagement by matching bank's assets and liabilities, can prevent bank liquidity risk.
通过以资产负债管理合理匹配银行资产、负债,可以防范银行流动性风险。
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The first innovation and characteristic of this paper is that it introduces the theory of controlling embedded-option risk of the asset-liabilitymanagement base on the option-adjusted duration.
Assetliabilitymanagement, or ALM, is a most influential operation and management method for modem commercial Banks. The efficiency of ALM affects the competitive ability of Banks directly.