free exchange rate 中文意思是什麼
free exchange rate
解釋
自由匯價-
Then, the paper compares the characteristics of pegged exchange rate regime, free float exchange rate regime, and the regimes intervenient from the aspect of trading, policies, economic development, etc. the paper studies the effects of exchange rate regimes on macroeconomic in the different de jure and de facto classifications of regimes ; analyses factors affecting the selection of exchange rate regimes, and emphasizes on the capital mobility factor
文章概括了匯率制度研究的不同視角並以此為基礎選定了本文的研究角度，然後從貿易、政策、經濟發展等角度比較了固定匯率制度和浮動匯率制度的特點，並對介於兩者之間的各種匯率制度的特徵進行了比較。接著，從匯率制度名義分類法和事實分類法等角度研究了各種匯率制度對經濟績效的影響。 -
The current exchange rate arrangement among yen, dollar and euro fully meets the requirement for the free capital mobility, while the pursue for more national policy independency thus less policy coordination leads to the great disorder in exchange market
90年代，不斷擴大的資本流動總體上要求更有彈性的匯率安排，或者是國與國之間更有效的政策協調，缺乏適當的調整導致了一些國家的固定匯率制度受到資本流動的沖擊。 -
In fact, the absolute fixed regime or free flexed regime is not exist. the doctrine of the original sin and the fear of floating hypothesis developed the theory of exchange rate regime. the hypothesis of the vanishing intermediate regime was a new theory which had resulted in many disagreements
匯率制度選擇理論近來有了新發展， 「原罪論」和「害怕浮動論」給出了發展中國家匯率難以浮動的一些解釋，最具爭議性的「中間制度消失論」在兩極和中間匯率制度之間，摒棄了中間制度，然而其學理性解釋卻都有著缺陷，不斷受到學者質疑。 -
Following, making development study from the three directions : the first one is how to reduce calculation when to use markowitz model. this text has improved the efficient frontier of markowitz model utilizing free risk assets, and reduced calculation about revenue rates " co - variance matrix utilizing single or multiple factors, and so on. the second one is to add thinking factors about, such as transaction fee, fund limitation, lowest transaction unit ' s limitation, risk measures and exchange rate risk of international portfolio securities, so as to make markowitz model closer to our country ' s practice
接著，分三今方向對markowitz模型進行了拓展研究：第一個方向是運用markowitz模型時如何減少計算量，本文利用無風險資產來改進markowitz模型的有效邊界，利用單因子或多因子模型來減少收益率協方差的計算量等等；第二個方向是增加考慮因素，諸如交易費用、資金限制、最小交易單位限制，風險測度和國際組合證券的匯率風險，使markowitz模型更貼近我國的實際；第三個方向是對markowitz模型進行動態拓展研究，提出了將證券收益率看成是隨機序列時的投資決策模型，深入研究了m ? v有效邊界隨資產品種數增加而發生的漂移，並用解析方法和幾何圖形描述了漂移的軌跡和方向。 -
A regime that does not involve any exchange rate target, as in a free float. neither solution is, admittedly, immune to crisis, particularly in the case of open and liquid markets
事實上，兩個方案同樣都不能保證完全不受外來沖擊影響，尤其在開放及流動的市場中，這根本是不可能的。 -
Inteffiational speculation - orien. ed capital has being expanded sil1ce l970s, and express new character of institution and derivation. in l990s. tl1e second cl1apter ltighlights tl1e reason and the result of volatility in exchallge rate under an open econonty situation. first, after the anal }. sis ot + er the participants of exchangc lnarkct, the auu1or first argues that tire free flow of internatiot1al speculation - orientcd capital is the lnai11 source of volatility " in exchange ratc
首先，本章回顧了國際貨幣制度背景，指出目前的國際貨幣制度實際上處於一種危機后並沒有得到意見統一的狀態，無規則的國際貨幣制度將長期延續下去；然後，本章對國際投機資本的范疇進行了定義，並相應指出，從20世紀70年代初期以來，國際投機資本的規模是急劇膨脹的，並且在20世紀90年代，國際投機資本還出現了組織形式機構化和操作工具衍生化的新特徵。
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