我国银行间债券市场企业债综合风险评估研究

his paper uses the Monte Carlo simulation based on Copula function to assess the corporate bonds' comprehensive risk more securely and more accurately in China's inter-bank bond market. Building the t-GARCH model to describe the marginal distributions of market risk factor and liquidity risk factor, and the volatility of both is poly social and persistent; Using Copula function to measure the relationship between both risk factors; Using the Monte Carlo to assess comprehensively overall VaR value of corporate bonds'market risk factor and liquidity risk factor .