高顿网校小编提醒您，及时登录英国的官方网站报名，以免耽误您的英国精算师考试。British Actuarial Journal Volume 19,Issue，请阅读这篇 文章哦。　　04 September 2014
 
　　The latest issue of the British Actuarial Journal (BAJ) is now available.  Members can access all articles free of charge.
　　In this issue, the Financial Repression Working Party considers financial repression - what does it means for savers and investors?
　　At the end of 2013, the real yields that the UK government had to pay on its debt were negative over the whole curve. Several possible explanations are available for this phenomenon:
　　central bank action,
　　regulatory changes,
　　demographic developments and
　　economic conditions.
　　The first two can result from deliberate interaction by the state into the financial markets and can be labelled as financial repression.
　　The Financial Repression Working Party explain the historic precedents for Governments to use financial repression to manage their debt, look into the influence of regulation on asset allocation for insurers and pension funds, and introduce the concept of a balance-sheet recession.
　　自己打败自己是最可悲的失败，自己战胜自己是最可贵的胜利。——高顿网校经典总结

 

 
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