現行利率 的英文怎麼說
中文拼音 [xiànhánglìlǜ]
現行利率
英文
current interest rate-
At present, our country enact the defined interest rate policy, the interest rate is not marketed, but our country reinforce market economy, the method of government debt bond market clean price trade is adopted, the government bond debt index of the stock exchange institution of shanghai, the usage of the usa bid in the government debt bond market, the market factors are more and more t influence the government debt bond market benefit, the marketed interest rate is on the agenda
現階段,我國實行利率管制,利率沒有市場化,但我國實行市場經濟,目前國債市場採用凈價交易,我國的國債法即將出臺,上海證券交易所的國債指數運行,國債發行市場美國招標使用,國債發行流通日益市場化,市場因素越來越在國債市場發揮巨大作用,利率市場化已經走上了日程。So, the " divisible by 9 " rule - now very much an interesting " trademark " of the pboc since it applies the rule to other policy rates, including the central bank lending rate, the rediscount rate and the rates on required and excess reserves continues to be a tradition of the financial system of the mainland
被9整除的做法已成為人行的標記,並廣泛應用於其他政策利率,包括央行貸款利率再貼現利率法定存款準備金利率及超額準備金利率。這已成為內地金融體制的一個特色,要了解內地金融情況的朋友便要留意了。Part3 : the problems with china ' s fiscal policy on venture capital. the problems include : a definite and integrated system of fiscal law on venture capital has not be built up. the present tax law and code are not fit for the development. the government expenditure on tech - research and product - transform is not enough. the structure of government expenditure is not in reason. the efficiency of the go
指出問題主要包括以下幾點: 1 、缺乏一種針對風險投資的明確而又完整的財稅法律與政策支持體系; 2 、現行稅收法律政策不利於風險投資業的發展; 3 、財政投入科技研發和成果轉化的資金總量不足,並且存在結構性問題,資金使用效率低下的問題普遍存在。In both post - war economic instauration and development period, for realizing a certain economic plan or industry target, almost all of countries practiced the low interest rate control policy
在戰后經濟恢復和發展時期,為了實現某種經濟計劃或產業目標,幾乎所有的國家都實行低利率管制政策。This paper, takes rli as an object of study, takes property rights relationship and management relationship of rural land as a main clue, takes raising the management benefit into full play of rural land and ensuring rural land sustainable utilization as objective, uses the theory of western institution economics and market economics for reference, adopts the method of study of combining macro analysis with microanalysis and combining quantitative analysis with qualitative analysis, reviews systematically the developing process of rli in china since the founding of our country and the developing tendency of rli in the world, summarizes the influence law of rli to rural land management benefit, analyses the innovative mechanis m. institutive achievement and being faced with difficult position and gauntlet of the present rli in china, and defines the objective and following principles of rli innovation proceeding from the actual conditions of our country. on the basis of these, constructs the innovative models by stages of rural land property rights institution and management institution, which accords with the market economic law and the law by stages of rural economic developing levels and gives consideration to efficiency and fair
本文以農村土地制度為研究對象,以農村土地的產權關系和經營關系為主線,以農村經濟發展水平(包括農村生產力發展水平和農村工業化、城鎮化水平)和農民的承受能力為依據,以最大限度地提高農地經營效益、確保農地資源的可持續利用為目的,借鑒西方新制度經濟學理論和市場經濟理論,採用宏觀分析與微觀分析、定量分析與定性分析、規范研究與實證研究相結合的研究方法,系統地回顧了建國后我國農地制度的演變過程及世界農地制度的演變趨勢,總結了農地制度對農地經營效益的影響規律,分析了我國現行的家庭承包經營責任制的創新機理、制度績效及其面臨的困境與挑戰,並從我國的實際出發,確定了農地制度創新的目標及應遵循的原則,在此基礎上構建符了符合市場經濟規律和農村經濟發展水平的階段性規律、兼顧效率和社會公平的階段性農地產權制度創新模式及其對應的經營制度創新模式。Government ' s monopoly of capital market also leaded to the " shell " value of listed company which is irrelative to the company ' s invest value, which made the higher general price in the market. in addition to, the structure of investors which is consisting of many individual investors and few institution investors lets it easy to manipulate the stock market for the institution investors. according to the origins of the systematic risk, it is necessary to improve the market mechanism and market efficiency to eliminate the system root of the risk to decrease the risks
突出地表現在:資本市場服務于國企轉制,造成上市公司股權結構存在缺陷,致使公司治理失效,上市公司缺乏持續發展的能力,公司經營風險轉化為市場的系統性風險;政府對資本市場準入的行政性壟斷,形成上市公司「殼」價值,虛高股票市場價格,引發系統性風險;金融市場分割,特別是貨幣市場資金缺乏進入資本市場的正常渠道,利率市場化水平低,影響金融資產定價,導致違規融資盛行,加大了市場風險;而由於市場監管不到位,以散戶為主的投資主體結構,則易導致機構大戶利用內幕信息操縱股價,機構投資者的發展不僅沒有成為穩定市場的力量,反而成為操縱市場的主力,加劇了市場波動。At last, it puts forward a suggestion that further push the interest rate liberalization course in our country, and an analysis of outlook resulting from the actual realization of the interest rate liber alization
最後,對進一步推進我國利率市場化進程提出自己的建議,並就利率市場化實現后的實際效果進行了分析展望。But some have expressed reservations in this, which amounts to the imposition of negative interest rates, in view of their unfair impact on the smaller depositors if the banks were to pass them on
但有些人對此持保留態度,因為這會引致出現徵收負利率的現象,而銀行若將成本轉嫁予存戶,小額存戶便會受到不公平對待。In order to open up a patch for the china ' s monetary policy transmission in open economy system, we should reform the current pegged exchange rate system, make interest rate marketlization and propel the development of capital market
它的實施,將增強我國貨幣政策經由資本市場傳導的效率。疏通我國開放經濟條件下貨幣政策傳導的政策建議有:改革現行匯率制度;實施利率市場化;完善發展資本市場等。Thirdly, gap analysis, duration analysis, net present value analysis and dynamic simulation analysis, these four risk measurement techniques and how to use them are studied. and then, commerce tactics to manage and control interest rate risks and how to use them are researched detailedly. at last, an example which further illustrates how to manage and control interest a rate risks for commercial banks of china is given. interest rate risk management is a complicated job, so commercial banks should choose appropriate skills and measures to control interest rate risk effectively for keeping their earnings free of adverse influence of interest rate changes
本文首先根據巴塞爾委員會制定的利率風險管理的原則和西方銀行業的經驗,對商業銀行所面臨的利率風險進行了具體地識別分析;研究了敏感性缺口管理技術、有效持續期缺口管理技術、凈現值法和動態模擬法這四種商業銀行利率風險的衡量管理技術及其運用;然後對控制利率風險的具體管理策略以及如何運用這些管理策略來控制利率風險進行了詳細地分析研究;利用前面介紹的成果和方法用實例系統地說明了商業銀行應根據自身情況選擇合適的管理技術和策略,有效地控制利率風險。The thesis started from introducing some relevant concept of term structure, some interest rate determining theories, traditional theories of term structure, and the research actuality of modern theories of term structure, which includes static and dynamic research
本文從介紹與利率期限結構理論相關的利率概念入手,對利率決定理論進行了簡要的回顧,接著對傳統的利率期限結構理論與現代利率期限結構靜態研究與動態研究所進行的各種研究現狀進行了綜述。It then focuses on the theory base of chinese interest rate system reform and innovation which is the three phases of the occident interest rate choosing theory, including classically school, kenynesianism, new classically school, the theory of deepen finance and the apocalypse to our country, from which we draw the conclusion that interest rate marketization is an impersonal rule ; it is a truth discovered by economists for hundreds of years, and also is the claim of financial development ; the reform of our country ' s interest rate system rests with marketization and deregulation
本文首先簡要介紹了利率市場化的概念及內涵,並從深入分析利率到底是由什麼決定的入手,系統論述了中國利率機制改革創新的理論依據:古典學派的利率決定理論、凱恩斯的流動性利率理論、新古典學派的利率決定理論、金融深化論及其給我們的重要啟示。結論是,利率市場化是一個客觀規律,而這一客觀規律是經濟學家們經過幾百年科學探索而發現的一個真理;利率市場化也是金融發展的客觀要求;我國利率機制創新,就在於盡快實行利率市場化,放開利率管制。The second part includes a positive fact analysis for the present situation of interest rate risk management in our country, which makes us have a comprehensive understanding for the present situation
第二部分,對利率管制下我國商業銀行利率風險現狀進行實證分析。使我們對我國商業銀行利率風險管理現狀有一個全面的認識。China commercial bank interest risk management ' s present situation and countermeasures
我國商業銀行利率風險管理的現狀及對策Treasury bond interest rates marketlize firstly, so that treasury bond interest rates connect the money market interest rates, advanced interest rate marketlization
國家利用招標、拍賣的形式發行了大量國債,使貨幣市場與債券市場聯通,初步實現了利率市場化。This paper absorbs and borrows the experience and lessons of marketization of interest rate reform of foreign countries for our country ' s reform. combining theory discussion and e mpirical analysis, the paper deeply analyses the defects of our present interest rate system, and explores the difficulties and advantages during the process of reform. the paper concludes that after china ' s entering wto and under a situation which international financial environment has greatly changed, at present, we have the ability to speed up the reform, and we should put emphasis on improving the interest rate structure and interest rate conduction system, meanwhile, take measures to improve the relevant system - financial supervision, financial markets, state - owned bank and stated - owned firms
採取理論探討和實證分析相結合的方法,對我國現行利率體制存在的弊端和我國當前推進利率市場化改革存在的困難及有利條件進行了較為深入的分析,認為在當前我國加入世界貿易組織之後,面臨的國際經濟金融環境業已發生較大變化的形勢下,我國當前可以並應當加快推進利率市場化改革,提出加快推進利率市場化改革應當主要從改革和完善利率結構和利率傳導機制著手,同時要在加快對金融監管、金融市場、國有商業銀行和國有企業等的配套改革上採取相應措施。However in china interest rate is restricted, most of commercial banks lack the consciousness of irr management, and the techniques and methods are behind the world. after the marketability of interest rate, they will meet big challenges
我國由於長期實行利率管制,商業銀行普遍缺乏利率風險意識,利率風險管理的技術和方法大大落後於世界先進水平,在實現利率市場化后,銀行業必將遇到巨大的挑戰。The first section is the base of the whole thesis, including the conception of irr management, its procedure, and history. what " s more, it classifies irr and sum principles of its management ; the three kind techniques of irr management are the thread of the second section. it expounds different kinds of techniques, such as gap model, duration model, fras, future and option ; with the gap model and duration model, the third section use the balance sheet of our commercial banks to reveal the irr conditions of them ; on the basis of experiences of leading banks in the world, the paper puts forward several suggestions in the last section
第1部分介紹了商業銀行利率風險管理的概念、過程,及其演進歷史,同時對利率風險進行了分類,總結了商業銀行利率風險管理的原則;文章的第2部分將現有的利率風險管理技術進行了歸類,以利率風險表內管理技術,表外管理技術和綜合管理技術為主線,分別介紹了早期的差額管理,搭配記賬管理,以及現在十分流行的缺口管理和持久期管理,同時對遠期利率,利率期貨等表外技術,及證券化等綜合管理技術作了簡單的介紹。But by far neither well - grounded explanations nor rationalization proposals were put forward. whereas as early as the beginning of last century, western scholars had noticed the phenomenon in credit market that borrowers couldn ’ t get loans at current interest rate even though they were willing to pay the rate. this phenomenon was defined as “ credit rationing ”, and was gotten explanations from aspects of availability of credit, factors of risks and interest rate, implicit credit contract, imperfect information, implementation of credit contract and legal system
另一方面,早在上個世紀初,西方學者就注意到了信貸市場中這種借款人願意支付現行利率,卻不能按照這種利率獲得貸款的現象,將其定義為「信貸配給」 ( creditrationing ) ,並從信用可獲性、風險與利率因素、隱含性信貸合約、不完全信息、信貸合同的執行和法律制度等角度進行了解釋,但這些主要以完善市場經濟為研究對象的理論僅一定程度上適合中國農村,轉型時期的中國農村信貸配給現象還需要結合其特殊的經濟、金融情況進行解釋。Lower asset prices also reduce the value of collateral and therefore restrict banks willingness to lend at the going rate
由於資產價格向下會令抵押品貶值,銀行亦可能不再願意以現行利率提供貸款。分享友人