查询词典 liquidity preference

Since the first open-end fund issue, there are 5th redemption, which also reveals more profound form of market phenomena causing open-end fund liquidity risk. In 2002, the open-end fund market was just established, in order to expand the size, many funds only attract institutional investors, and do not distinguish between investor by their liquidity preference. Under such single structure, institutional investors large size redemption will cause fund scale reduced significantly, which suffered huge losses. In 2003, as the Funds growth, more and more retail investors join in fund market and occupy a dominant position. Due to the lack of awareness of the fund market, they all use the concept of stock investment.

自开放式基金成立以来，中国历史上的5次赎回也更深刻的揭示了构成开放式基金流动性风险的市场现象。2002年为开放式基金成立初期，很多基金为了吸纳资本，扩大规模，只面向机构投资者融资，并且不区分投资者的流动性偏好，在这种单一的结构下，机构投资者的大额赎回就导致基金规模的锐减，从而遭受巨大损失。2003年，随着基金的发展，越来越多的散户介入其中并占据主导地位，由于缺乏对基金市场的认识，按照原有投资股票的理念投资基金，所以在低迷的股市稍有起色，基金稍有赢利时，就开始赎回，造成了多只基金净值的损失。2005年，保险行业可以直接入市，再加之逐渐回升的行情和基金公司高额的手续费，很多保险公司开始赎回持有的基金转而直接入市。

The answer is that you need to add "liquidity preference", the supply and demand for money.

答案是，你需要加入"流动性偏好"理论，以及那些供给和需求钱。

Keynes proposed the theory of liquidity preference to explain determinants of the interest rate.

总结 Summary 凯恩斯提出了流动性偏好理论以解释利率的决定因素。

The extent of crowding out will depend on the shape of the liquidity preference curve and the investment demand curve.

3程度的挤出效应，将在很大程度上依赖于形状的流动性偏好曲线和投资需求曲线。

In China,Dual economic structure results in Capital Liquidity Preference which accelerates the rural fund outflow.

在中国，"二元经济结构"导致资本发生流动偏好，资本流动偏好又加快农村资金外流的规模与速度。

According to the theory of liquidity preference, the interest rate adjusts to balance the supply and demand for money.

根据流动偏好理论，利率调整使货币供给和货币需求均衡。

To correct Keynes's mistake, the paper develops a new model of determination of interest rate on the basis of the liquidity preference analysis centered on finance motive.

为了修正凯恩斯的错误，本文在基于融资动机的流动性偏好分析的基础上建立起一个新的利率决定模型。

So obviously holding liquidity provides an option for the shareholders of the bank,and such option is valuable.But its value was not referred in Keynes\'s Liquidity Preference Theory.(2) When the bank holds liquidity assets,it can catch the opportunity in the future to earn more yields.

显然，商业银行的流动性给予股东一种选择权，并且这种选择权是有价值的，但这种价值在凯恩斯的流动性偏好理论中没有提及；另一方面，持有流动性可以让商业银行在未来抓住投资机会，这是投机动机带来的收益。

Secondly, fund companies have to do the internal control for liquidity risk and establish a sound internal control system. On the other hand, fund managers should also improve the distribution of the assets, customer management, and ongoing customer marketing, such as the development of different products, rates and the redemption period to meet their different liquidity preference.

另一方面，基金经理还应完善资产配置，进行客户管理，并对客户进行持续的营销，为他们开发不同的产品，费率及赎回期限，满足他们不同的流动性偏好。

In one hand, the liquidity preference of those nations without international currency issuance rights has reversed by the rise of their economic strength; on the other hand, the nations with international currency issuance rights have the rigid needs to release extra liquidity due to the upgraded competition for international seignorage.

一方面，不具备国际货币发行权的国家因无法获得外部融资而导致的强烈的流动性偏好已经因自身经济实力的积累发生了逆转，另一方面，掌握国际货币发行权的国家却因国际铸币税争夺的升级有着多释放流动性的刚性需要。

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。