Page 78 - Contributed Paper Session (CPS) - Volume 5

CPS1053 DU zhixiu
The reference rate is calculated based on equations (5), (6) and (7)
combined with actual Chinese data. Data is derived from RESEET database,
CEN statistical database, wind consulting database, China National Bureau of
Statistics database and so on. The data processing software is SAS 9.1 and
MATLAB R 2016.The GMM and MLE method of parameter estimation results
for CIR-CCAPM-D rate model is showed as Table2. Figure1 outlays five
reference rates. Table3 appears FISIM output and allocation in 2012 for three
reference rate calculations. For import and export of FISIM, using external
reference rates, which referred to the 2010 ESA. As of output, the result of the
average deposit and loan rate and CIR-CCAPM rate are higher than the
account reference rate.

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