摘要翻译：
很久以前，有一个古典的金融世界，所有的伦敦银行同业拆借利率都是平等的。标准教科书教导简单的关系是成立的，例如，6个月的Libor存款可以用3个月的Libor存款加上3x6个月的远期利率协议(FRA)复制，而且Libor是无套利定价理论基本组成部分所需的无风险利率的良好代理。如今，在信贷危机之后的现代金融界，一些LIBOR比其他LIBOR更平等，这取决于它们的利率期限，经典公式已经成为历史。银行不再是“大到不能倒”，Libor是由风险银行小组确定的，它们本身也是风险利率。这些简单的经验事实对衍生工具的交易和风险管理产生了非常重要的影响，例如基差风险、抵押和有利于中央对手方的监管压力。任何管理一个简单的香草交换的人都应该仔细考虑的事情。在这篇定性的笔记中，我们回顾了这个问题，试图对这个现代动物农场提供一些启示，重复使用量子物理的类比，塞曼效应。
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英文标题：
《The Zeeman Effect in Finance: Libor Spectroscopy and Basis Risk
  Management》
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作者：
Marco Bianchetti
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最新提交年份：
2012
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Pricing of Securities        证券定价
分类描述：Valuation and hedging of financial securities, their derivatives, and structured products
金融证券及其衍生产品和结构化产品的估值和套期保值
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一级分类：Physics        物理学
二级分类：Popular Physics        大众物理学
分类描述：Description coming soon
描述即将到来
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一级分类：Quantitative Finance        数量金融学
二级分类：Risk Management        风险管理
分类描述：Measurement and management of financial risks in trading, banking, insurance, corporate and other applications
衡量和管理贸易、银行、保险、企业和其他应用中的金融风险
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一级分类：Physics        物理学
二级分类：Quantum Physics        量子物理学
分类描述：Description coming soon
描述即将到来
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英文摘要：
  Once upon a time there was a classical financial world in which all the Libors were equal. Standard textbooks taught that simple relations held, such that, for example, a 6 months Libor Deposit was replicable with a 3 months Libor Deposits plus a 3x6 months Forward Rate Agreement (FRA), and that Libor was a good proxy of the risk free rate required as basic building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are more equal than others, depending on their rate tenor, and classical formulas are history. Banks are not anymore too "big to fail", Libors are fixed by panels of risky banks, and they are risky rates themselves. These simple empirical facts carry very important consequences in derivative's trading and risk management, such as, for example, basis risk, collateralization and regulatory pressure in favour of Central Counterparties. Something that should be carefully considered by anyone managing even a single plain vanilla Swap. In this qualitative note we review the problem trying to shed some light on this modern animal farm, recurring to an analogy with quantum physics, the Zeeman effect.
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PDF链接：
https://arxiv.org/pdf/1210.7329