Exchange Equilibrium Of Value Based On Frame Of Reference In The Circle Of Money And Credit

This paper begins with the three puzzles of the causes of bad assets,the essence of credit risk and the law of risk prediction,and combines the author's thirteen years'experience,and mainly focuses on the nine aspects of credit,value,risk,exchange,compensation and frame of reference frame,which are related to six factors.Another way of thinking is to start from the psychological balance of human brain's physiological structure,which tends to be stable and deterministic.And inspired by such dreams,there should be similarities in the social laws of the physical world evolving into the social sphere.Through the perspective of the conservation of exchange value,this paper studies the risk held by exchanges,which is a special compensation value and redefines risk.The risk measurement method derived from the exchange equilibrium model with reference structure provides a tool framework for credit risk management or avoidance.The credit risk function of this paper is based on the value exchange equilibrium model based on the research of the micro mechanism conduction of credit risk,and the theory of the value exchange equilibrium model is read as follows:Value and risk are two important factors affecting the financing process.Value is an exchange measure with a frame of reference.Risk is an exchange measure to be compensated with reference structure.Value and risk are different external embodiments of exchange measurement in spot and forward,in place and in need of compensation.The general conservation of value and risk is a rule of financing.The selection of the frame of reference and the limitation and uncertainty of its formation are the root causes of the deviation of value and the inability to eliminate risks.The balance of exchange based on group psychology is the cornerstone of the formation of all social fair values.The quantification of value and risk is essentially the securitization of exchange resources in human thinking,and the basis of quantification is psychological reference system.The effectiveness of financing and transaction product design can be judged by the principle of physical structure stability after the volume trading structure is visually visualized.The main achievements of this study include three:establishing an exchange equilibrium model with reference frame structure,putting forward the rules and effectiveness testing methods that can be followed in the design of financing and trading products,and designing a reference frame decision system based on the adjustment of the investment and financing structure of commercial banks.