{"id":620708,"date":"2026-02-17T04:06:50","date_gmt":"2026-02-17T12:06:50","guid":{"rendered":"https:\/\/nai500.com\/?p=620708"},"modified":"2026-02-17T04:06:50","modified_gmt":"2026-02-17T12:06:50","slug":"basel","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/02\/basel\/","title":{"rendered":"Basel \u5728\u5408\u6210\u98a8\u96aa\u8f49\u79fb\u4e0a\u4ecd\u820a\u778e\u5b50\u6478\u8c61"},"content":{"rendered":"

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\u8f49\u79fb\u7684\u5e7b\u8c61<\/h3>\n

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\u8cc7\u6599\u5331\u4e4f\u4f5c\u70ba\u98a8\u96aa\u56e0\u5b50<\/h3>\n

\u4e0d\u78ba\u5b9a\u6027\u4e0d\u53ea\u662f\u95dc\u65bc\u640d\u5931\u5206\u5e03\u3002\u4e5f\u662f\u95dc\u65bc\u8a72\u5206\u5e03\u672c\u8eab\u7684\u4e0d\u78ba\u5b9a\u6027\u3002\u7576\u76e3\u7ba1\u8005\u8aaa\u8a55\u4f30\u53d7\u7f3a\u5931\u8cc7\u6599\u963b\u7919\u6642\uff0c\u4ed6\u5011\u662f\u5728\u767c\u51fa Knightian \u4e0d\u78ba\u5b9a\u6027\u7684\u8a0a\u865f\u3002\u6a21\u578b\u6700\u5148\u5728\u6b64\u8655\u5d29\u58de\u3002\u95dc\u65bc\u6c60\u5b50\u7d44\u6210\u3001\u6210\u719f\u5ea6\u3001\u640d\u5931\u4e16\u4ee3\u3001\u76f8\u95dc\u6027\u5047\u8a2d\u8207\u89f8\u767c\u6a5f\u5236\u7684\u63ed\u9732\u7a00\u8584\uff0c\u6703\u628a\u5e02\u5834\u8b8a\u6210\u6ab8\u6aac\u5e02\u5834\u3002\u8ce3\u65b9\u6bd4\u8cb7\u65b9\u8207\u76e3\u7ba1\u8005\u638c\u63e1\u66f4\u591a\u8cc7\u8a0a\u3002\u98a8\u96aa\u6700\u9ad8\u7684\u6295\u7d44\u6709\u6700\u5f37\u7684\u8a98\u56e0\u5c0b\u6c42\u8cc7\u672c\u7d13\u7de9\uff1b\u6700\u4f73\u7684\u6295\u7d44\u5247\u80fd\u81ea\u6211\u4fdd\u96aa\u3002\u9006\u5411\u9078\u64c7\u6210\u70ba\u5e38\u614b\u3002Basel \u70ba\u98a8\u96aa\u8f49\u79fb\u8a2d\u7f6e\u4e86\u91cd\u8981\u6027\u9580\u6abb\uff0c\u4f46\u5982\u679c\u8f38\u5165\u8cc7\u6599\u4e0d\u900f\u660e\u4e14\u7570\u8cea\uff0c\u6e2c\u8a66\u5728\u5f62\u5f0f\u4e0a\u53ef\u4ee5\u901a\u904e\uff0c\u5be6\u8cea\u4e0a\u537b\u5931\u6557\u3002\u4fe1\u7528\u4e8b\u4ef6\u5b9a\u7fa9\u3001\u7d66\u4ed8\u4e0a\u9650\u3001\u7d42\u6b62\u4ee3\u511f\u6b0a\u8207\u7e3e\u6548\u5951\u7d04\u8207\u9810\u671f\u640d\u5931\u6578\u5b57\u540c\u6a23\u91cd\u8981\u3002\u5728\u8cc7\u6599\u6c99\u6f20\u4e2d\uff0c\u7d30\u5247\u6210\u70ba\u69d3\u687f\u3002<\/p>\n

\u4ea4\u6613\u5c0d\u624b\u96c6\u4e2d\u8207\u53cd\u5411\u66dd\u96aa<\/h3>\n

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\u9806\u9031\u671f\u6027\u8207\u5824\u58e9\u6548\u61c9<\/h3>\n

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\u535a\u5f08\u8ad6\u9047\u4e0a Basel<\/h3>\n

\u6fc0\u52f5\u4e26\u4e0d\u5fae\u5999\u3002\u9280\u884c\u5c0d\u81ea\u5bb6\u8cb8\u6b3e\u6c60\u7684\u4e86\u89e3\u52dd\u904e\u4efb\u4f55\u5916\u90e8\u8005\u3002\u4ed6\u5011\u6709\u5de5\u5177\u53bb\u512a\u5316\u5206\u5c64\u3001\u53c3\u8003\u6c60\u9078\u64c7\u8207\u689d\u6b3e\uff0c\u4ee5\u901a\u904e\u91cd\u8981\u6027\u6e2c\u8a66\uff0c\u540c\u6642\u628a\u5c3e\u90e8\u98a8\u96aa\u5c01\u5728\u4e0d\u6703\u7acb\u5373\u89f8\u767c\u8cc7\u672c\u7684\u5730\u65b9\u3002\u9019\u662f\u4e00\u500b\u6559\u79d1\u66f8\u5f0f\u7684\u59d4\u8a17\u4eba\u2014\u4ee3\u7406\u4eba\u554f\u984c\u3002Goodhart \u6cd5\u5247\u9069\u7528\uff1a\u4e00\u65e6\u4e00\u9805\u6307\u6a19\u6210\u70ba\u76ee\u6a19\uff0c\u5b83\u5c31\u4e0d\u518d\u662f\u4e00\u9805\u597d\u6307\u6a19\u3002Basel \u8d8a\u7cbe\u78ba\u5b9a\u7fa9 SRT \u6a19\u6e96\uff0c\u7d50\u69cb\u5c31\u8d8a\u7cbe\u78ba\u5730\u88ab\u8a2d\u8a08\u4ee5\u7b26\u5408\u5b83\u5011\u3002\u76e3\u7ba1\u8005\u4e26\u975e\u5c0d\u6b64\u8996\u800c\u4e0d\u898b\u3002Basel \u6846\u67b6\u5728\u6bcf\u6b21\u5371\u6a5f\u5f8c\u6f14\u5316\uff0c\u5f9e Basel II \u5c0d\u8b49\u5238\u5316\u98a8\u96aa\u7684\u4f4e\u4f30\u5230 Basel III \u7684\u8cc7\u672c\u8207\u6d41\u52d5\u6027\u4fee\u6b63\u3002\u4f46\u8907\u96dc\u7522\u751f\u8907\u96dc\u3002\u6bcf\u689d\u65b0\u898f\u5247\u589e\u52a0\u4e86\u72c0\u614b\u3002\u6bcf\u500b\u72c0\u614b\u5275\u9020\u4e00\u500b\u5957\u5229\u9762\u3002\u7d50\u679c\u662f\uff1a\u7cfb\u7d71\u5728\u5e38\u614b\u5929\u6c23\u770b\u8d77\u4f86\u5805\u56fa\uff0c\u66b4\u98a8\u4e2d\u5247\u63ed\u9732\u96b1\u85cf\u7684\u8026\u5408\u3002<\/p>\n

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