implicit interest rate 中文意思是什麼
implicit interest rate
解釋
隱含利率-
The dualism of finance caused by financial regulation, the system disfigurements and institutional defects during the economic transition period, and the lack of the internal supervision and stimulus derived from the imperfection of the corporation governance structures of economic bodies, offer enough rent for banks " rent - seeking behaviors. the economic result is that, implicit interest rate forms in the market
金融抑制導致的金融二元性、經濟轉型時期的體制缺位和制度缺陷，以及微觀經濟主體不健全的法人治理結構導致的內部監督激勵不足，為銀行尋租行為的發生提供了不竭的租金源泉，結果形成了市場上的隱性利率。 -
Implicit interest rate is the result of both the government intervention and banks " behaviors of deciding the lending price according to the rules of the market. it reflects that under the condition when interest rate is restrained, the self - adjust system of lending price still exists, although it is distorted by the restraint sometimes
隱性利率既是政府干預經濟的產物，同時也是銀行按照市場規則確定貸款價格的行為選擇結果，它反映出利率管制條件下貸款價格的自我調節機制依然存在，只不過因為管制而變得扭曲。 -
Based on the exploration of lending pricing behaviors of banks during the historic process of the interest rate system reform, the paper mainly discusses the genesis mechanism of lending price and the interrelated implicit interest rate under the condition of financial regulation, analyses the external and internal factors which influence the lending pricing decision - making process of the microeconomic bodies ( banks and enterprises ). and based on the contrast of the lending pricing modes which are popular at home and abroad now, the paper designs a lending pricing model of compound interest rate, which can be applied to the market - oriented interest rate circumstance
本文將銀行的貸款定價行為置於利率體制變革的歷史進程中加以考察，重點討論了金融管制條件下貸款價格的生成機制及與此相關的隱性利率，分析了影響微觀經濟主體（銀行和企業）貸款定價決策的內外部因素，並在對比國內外當前普遍採用的貸款定價模式的基礎上，設計了適用於利率市場化環境的貸款復利定價模型。 -
Chapter three is several main monetary policy regimes. according to the choice of intermediate aim, there are five main monetary policy regimes : exchange - rate targeting, monetary targeting, interest rate targeting, inflation targeting and monetary policy with an implicit but not an explicit nominal anchor
第三章按照選擇的中介目標，將各國的貨幣政策體系大致可以分為五種主要類型：匯率目標型、貨幣總量目標型、利率目標型、通脹目標型和隱含中介目標型。 -
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。
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