貨幣市場利率 的英文怎麼說

中文拼音 [huòbìshìchǎnglìlǜ]
貨幣市場利率 英文
money market rate
  • 貨 : Ⅰ名詞1. （貨幣; 錢） money 2. （貨物; 商品） goods; commodity 3. （指人, 罵人的話） 4. 動詞[書面語] （出賣） sell
  • 幣 : 名詞（貨幣） currency; money; coin
  • 市 : 同 「黻」[fú]
  • 場 : 場Ⅰ名詞1 （平坦的空地 多用來翻曬糧食 碾軋穀物） a level open space; threshing ground 2 [方言] （...
  • 率 : 率名詞（比值） rate; ratio; proportion
  • 貨幣 : money; currency
  1. 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。
  2. The bank made it clear that it was not aiming to bring down three - month lending rates, which are the markets ' most acute pressure point

    銀行清楚地表明其意並非拉低三個月拆出利率這一貨幣市場最靈敏地壓力點。
  3. The essay raises that the focal point of chinese financial system reform should be to develop and perfect money market. on the base of analyzing both general functions of the market and special functions that the development of the market has influenced on chinese economy and finance, it objectively analyzes the current situation and outstanding problems of the market and advances major solutions to perfect the market, which is, with the premise of constructing credit bases of the market development and with the central task of raising the market efficiency, to perfect short - term bonds market ( including the repo market ) and commercial paper market, and to deepen policy functions of the market, for the sake of a stable and orderly market with substantial scale, united market organization, efficient clearing < wp = 5 > system, reasonable interest rate system, perfect medium organization and effective market supervision

    本文認為，目前中國金融體制改革的重點應是發展和完善貨幣市場。本文在認真分析貨幣市場的一般功效以及貨幣市場的發展對中國經濟金融發展和改革的功效的基礎上，客觀分析了中國貨幣市場的發展現狀以及存在的突出問題，並提出完善中國貨幣市場的基本思路，那就是：以建設中國貨幣市場發展的信用基礎為前提，以提高中國貨幣市場的效率為主旨，完善同業拆借市場、債券市場和票據市場，深化貨幣市場的政策功能，其目標是把中國貨幣市場建成一個具備相當的規模、統一的市場組織、高效的清算系統、合理的利率體系、完善的中介組織以及有效的市場監管的穩定有序的貨幣市場。
  4. Rmb deposit and loan interest rate float block expands gradually, and progressively move towards marketization day by day. part iii : on the basis of using the experience and lessons of the change of interest rate in other countries for reference in course of the interest rate marketization, it is believed that there should be a course of raising up slightly in the interest rate in the early stage. but the market fluctuations it causes will not be too much ; according to actual operation result and a medium or long term of the reform, foreign currency interest rate has already drawn close to international interest rate competence progressively ; viewed from a short time, rmb loan interest rate total competence will tend towards dropping, some loan interest rate may rise ; the interest rate of the deposit will raise up unilaterally

    總體而言，發展中國家的存貸利差要高於發達國家；第二部分：在總結前幾年利率改革包括市場化改革的基礎上，認為，迄今為止，我國利率市場化改革的程度總體上還比較低：同業拆借利率、貨幣市場債券回購利率、現券交易利率、外幣貸款利率、大額外幣存款利率等已完全市場化或基本市場化，人民幣存貸款利率的浮動區間已逐漸擴大，並已漸進的方式日益走向市場化；第三部分：在借鑒境外利率市場化過程中利率變動的經驗教訓的基礎上，認為在我國利率市場化的初期，利率應該有一小幅上揚的過程，但是其造成的市場波動應該不會太大；從改革的實際運作結果和中長期來看，外幣利率已經逐步的向國際利率水平靠攏；從短期來看，人民幣貸款利率總水平將趨于下降，部分貸款利率有可能上升，存款利率將會單邊上揚。
  5. That is what happened at the start of this week as money - market funds sold these ious, causing rates to spike as never before ( see chart )

    這就是本周發生的事，當貨幣市場基金賣出這些欠條，使得利率出現從未有的陡漲（見圖） 。
  6. 1 ) if bank capital are forbidden thoroughly to get into stock market, it will bring low profit on monetary market, constrict the development of capital market and affect the transmission of monetary policy ; 2 ) vice versa, allowing bank capital to flow into stock market too early may also lead to unfavorable effects, such as endangering financial stability, disturbing financial order and constraining the development of economy

    （ 1 ）限制銀行資金入市，造成了貨幣市場收益率低下，商業銀行、保險公司在貨幣市場上融出資金基本無利可圖，只好通過各種途徑違規進入股市；使資本市場失去資金支持，不僅造成市場流動性不足，還因缺乏基準利率參照而難以形成合理的定價機制，制約了資本市場的發展；影響貨幣政策的傳導，貨幣市場與資本市場的關聯性低，貨幣政策信號受阻，傳導路徑相對單一，貨幣政策效應的時滯加大。
  7. Based on the analysis of commercial banks " current concept about fund management, this paper brings forward that fund management is the main - string in its operation, and that the concept of fund management, including security and profitability, is extended from current " forrying fund " to the management of the fund cost and fund risk the paper comprehensively discusses the principle of fund management, the management of fund costs, the tactics of management about fund liquidity, the measures of management about fund risks and how to solve the problems on interest risk in the period of frequent interest fluctuation. the paper puts forward ideas on how to improve the fund management. the security, liquidity and profitability of the fund, which are both contradictory and integrated with one another, are internal factors of fund management. fund liquidity is traditional core question. commercial banks face with a number of risks of witch credit risk is the greatest one because our country has adjusted interest rates 8 times since 1996, which covered a period of frequent interest fluctuation

    商業銀行面對許多風險，但最大風險是信用風險。由於我國自1996年以來已連續調整了8次利率，近幾年是利率波動頻繁時期，研究利率的敏感性問題顯得特別重要。要改善資金管理，提高商業銀行的經營水平，就要建立資金管理是商業銀行經營主線的理念，對資金要統一規劃和管理；要改革銀行的體制，建立現代企業制度和法人治理結構，在體制上為資金管理提供有利的運行平臺；增加改善資金流動性管理所需的貨幣政策工具，擴大資金調控手段；打破貨幣市場的僵化局面，為資金管理創造有利的宏觀環境；續續優化負債結構和負債載體設計；增強資金信用風險規避和化解的措施；通過銀行資源整合，努力尋找資金的安全投放渠道，最終完成經營模式由傳統型向現代型的轉變。
  8. " but we are against market manipulation, specifically the manipulation of our currency market, taking advantage of our passiveness under the discipline of the rule - based currency board arrangements, to produce very high interest rates with a view to sending the stock market into a nosedive and benefiting from a short position in stock index futures

    但我們反對市場操控，更具體地說是對我們貨幣市場的操控。由於我們在規范化的貨幣發行局制度下須遵守嚴格的規律，這些操控利用我們這方面的被動性造成極高息率，引發股市暴瀉，從而可在股票期貨沽空合約中圖利。
  9. By analysing the asymmetric flexibility, we know, it is important that intrest rate is monetary price essentially and decided by supply and demand in monetary market ; goods price and wage rate is only the part or price group ; it is available that " complete flexibility " of intrest rate is applied as one " endogenous " explanation to the " sticky state " of goods price and wage rate. above - mentioned conclusions bring forth not only explanation on the peculiarity of keynesian economics theory and application, but also the related revelation to the process of monetary and financial policies of our county in its applicable scope

    具體分析這種不對稱的伸縮性可知：利率本身及其受「貨幣市場供求」決定很重要；物價（及貨幣工資率）只是價格集合的一個組成部分而已；可用利率的「充分伸縮性」作為物價、貨幣工資率至少在短期呈「剛性」或「粘性」 （即不易伸縮性）的一個「內生性」解釋。上述結論在其適用范圍內既說明了凱恩斯經濟理論及其運用具有特殊性，又對我國當前的貨幣、財政政策制定與實施有重要的相關啟示。
  10. For years, interest rate transmission mechanism of monetary policy is regarded as the most important and the most efficient transmission mechanism, but its operation restrains from a series of factors, they mainly include economic entities " expectation, the situation of leisure recourses, marginal efficiency of capital, and so on

    多年來，貨幣政策利率傳導機制被認為是貨幣政策最重要也是最有效的傳導機制，但其運行實際上受到一系列因素的制約，這主要包括：經濟主體的預期、市場上存在的閑置資源的狀況、資本邊際效率等。
  11. At the same time, made amen dements and promotions to the price equation and the conclusions. this article can be divided into four parts : the first part ( chapterl, 2 ) analyzed the transferable channel of interest and exchange rate, the principle of general price transferable system and the formation of equilibrium of transferable system of general price and the formation of equilibrium of them in the money market, capital market and foreign exchange market. the second part ( chapters, 4 ) probes transferable system of the security an bond price from theoretical and practical aspects

    本文分為四個部分：第一部分（第一章，第二章）分析利率、匯率的傳導途徑，探討利率和匯率在貨幣市場、資本市場、外匯市場的一般價格傳導原理及均衡關系的形成，對mundellflemingmodel在資本流動沖擊下的模型進行了修正，並給出了開放條件下匯率和利率對證券價格（以債券為代表）產生影響的基本模型。
  12. I would like to make it clear that in putting forward these measures it is not our intention to interfere with market forces, nor is it our intention to broaden the powers of the government. rather, our aim is to consolidate hong kong s ability to manage its monetary affairs, so that we can counter manipulation of our markets and stabilise interest rates

    我鄭重重申：我們推出這些措施，目的不是干預市場，也不是要擴大政府的權力，而是為了鞏固香港的金融防?能力，穩定香港的利率，以及對付造市?在股票期貨和貨幣市場中的雙邊操控。
  13. Furthermore, the development of stock market has already affected money demand, interest rate, money market and so on, which makes some challenges to the conduct and implement of monetary policy

    除此之外，股市的發展對貨幣總需求、利率、貨幣市場運行等都已產生了影響，這對貨幣政策的制定和實施提出了新的要求。
  14. And path dependence theory, marginal theory and optimizing theory are applying in this paper. this article ends up with a few of hypotheses below : at present, retail exposures of credit risk may be valuated by multi - factors score ; company ones of credit risk may be valuated by modified specialist method ; and bank ones of credit risk may be valuated by quasi modern credit risk valuation model ; the destination is to get to the same way to modern credit risk valuation model by which all kinds of risk can be valuated, by the means of motivational transition or compelled one of the institute

    在此基礎上，以會計/市場數據可得性和有效性、金融市場發育程度、利率市場化深度、公司治理結構的完善度以及信用工具本身的特徵（尤其是衍生金融工具）等因素作為細分依據，將我國商業銀行中信用風險暴露（嚴格意義上來說，為了突出本文的觀點，本文僅僅是對商業銀行的部分風險暴露）劃分為:零售信用風險暴露、公司信用風險暴露? ?對大型企業集團的信用風險暴露和銀行信用風險暴露? ?銀行對質優上市公司的信貸業務、銀行的貨幣市場業務以及金融衍生產品業務等。
  15. Particularly in recent years, the central bank of china expands open market operations through the inter - bank bond market, supply and take back the base money on a large scale, and regulate the money supply and the money market interest rate, which deeply influence the commercial banks " credit scopes

    尤其是近年來，央行在銀行間債券市場持續、大規模地開展公開市場業務操作，大規模吞吐基礎貨幣，調節貨幣供應量和貨幣市場利率，進而影響商業銀行信貸規模。
  16. Money market rate

    貨幣市場利率
  17. Therefore, the reformation to the current intermediate target of monetary policy is necessary for the further development of our economy and the efficiency of macroscopic readjustment and control. after comparing of several intermediate targets, this paper constructs a system of intermediate targets of monetary policy, or “ a basket of intermediate targets ”, suggests that the rate of inflation should be a major target with money supply, money market rate and other indexes as the sub - targets subservient to the decision of inflation target

    通過對可供選擇的利率目標制、通貨膨脹率目標制以及匯率目標制的比較分析，以及對他國經驗的考察，本文構建了一個未來的貨幣政策中介目標體系，提出將通貨膨脹率作為主目標，貨幣供應量、貨幣市場利率等作為主目標決策系統中的次級監測目標的「通貨膨脹中介目標籃子」 ，或者說一個中介目標體系，其本質上屬于通貨膨脹率目標制。
  18. In the framework above, the connotation of money market performance is personally expounded, i. e. money market performance is that in how big extent the function of money market has worked, and money market performance refers to the operation performance at first, on which the performance for monetary policy transmission and in price mechanism are based. chinese money market has achieved some positive performance, which features the money market ' s own development, the transform and further improvement of monetary policy transmission mechanism, and the money market interest rate ' s rising importance in the marketization of interest rate, etc. meanwhile, there are some factors in money market such as market participant, market instrument, and settlement mechanism etc, impeding the further development of money market ' s performance, and we must take these factors into account for improving the performance of chinese money market

    在上述研究框架內，論文對貨幣市場績效的含義進行了獨立闡釋，認為貨幣市場績效是指貨幣市場在運行中應有職能的實現程度，並認為貨幣市場績效首先是運行績效，然後才有貨幣政策傳導和價格機制等方面的績效；我國貨幣市場在市場運行、貨幣政策傳導和價格機制等方面都取得了一定的績效，體現在市場本身的發展、貨幣政策調控機制的轉變和進一步完善以及貨幣市場利率成為基準利率和利率市場化起點等方面，但同時，貨幣市場主體、市場工具和交易結算機制等因素又阻礙著這些績效的進一步發揮；提高和完善我國貨幣市場績效須基於這些阻礙因素來考慮對策。
  19. The suggestions include : to further the exchange rate reform and change the rigidity of money supply caused by foreign exchanges, to improve the deposit reserve system and enhance the sensitivity of financial institutions to open market operations, to improve the issue of treasury securities and lay a solid foundation for open market operations, to try setting up the operation band of money market interest rate and to reform the deposit management of finance ministry

    本文最後提出的政策建議包括:深化匯率制度改革，改變外匯占款剛性的情況;進一步改革存款準備金制度，增加金融機構對公開市場操作的靈敏度;完善國債發行，發展國債市場，為公開市場操作創造良好基礎;強化公開市場操作與再貸款、再貼現的配合，嘗試建立貨幣市場利率目標區間;加強財政部存款管理等。
  20. Therefore, we should set out from rebuilding credit base, set up broker rule and insider law, perfect three sub - markets, increase main market bodies, enlarge market scale, bring into play policy functions of the market entirely, construct reasonable interest rate and tighten up the regulation on the money market

    這就需要從重建信用基礎入手，建立經紀人制度和做市商制度，完善三個子市場，增加市場交易主體，擴大市場規模，充分發揮貨幣市場的政策功能，構築合理的貨幣市場利率，加大對貨幣市場的監管。
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