偏好

Under the condition of investors liquidity preference, there is always a appearance of subjective discount rate is less than market non-risk late.

对于具有流动性偏好的风险规避的投资者而言，在β时股票价格会高于传统的资本资产定价模型对股票的估价。

On the one hand, monetary trends have been influenced by considerable uncertainty in financial markets and therefore partly reflect a strong liquidity preference among investors.

一方面，货币供应量的走势受到了金融市场中巨大的不确定性的影响，因而在一定程度上反映了投资者对于流动资金的强烈偏好。

This paper starts off with analyzing the inherent logic of liquidity preference theory and presents a new interpretation of the theory in a more logical and clear manner.

本文尝试从流动性偏好理论自身的内在逻辑出发，对其进行全新的解读。

In the introduction of this paper involving the theory of expect、hypothesis liquidity preference and preferred habitat theory, and cite on the present research situation on term structure both home and abroad.

论文在绪论中涉及预期理论、流动性偏好理论和市场分割理论等利率期限结构理论。并对国内外利率期限结构研究的现状进行了阐述。

Perhaps in a financial system with very limited options in terms of saving products, nudging the population's liquidity preference might be easier than elsewhere.

或许在一个百姓投资渠道十分有限的金融体系内，推高人们的流动性偏好要更容易些。

Liquidity preference theory is always the most confused and controversial part of Keynes's General Theory. This results in the dissension on the mechanism of determination of interest rate in monetary economics.

流动性偏好理论一直是凯恩斯的"通论"中最令人迷惑和争议最多的部分，并造成了货币经济学中对利率决定机制的争论和分歧。

So far, the preference for liquidity reflects the caution exercised by corporate executives in making investments

迄今为止，对流动性的偏好反映出，公司经理层在进行投资时持谨慎态度；并购活动只是在最近一段时间有些加速。

Traditional theory focused on how to explain the characters of the term structure, which can be divided into three orientations– expectations theory, segmentation theory and liquidity preference theory.

接着对国内外的理论和模型进行了梳理。传统的利率理论只是定性说明实际市场中观察到的收益率经验曲线为基本特征，根据假说的不同可区分为三类：预期理论、市场分割理论和流动性偏好理论。

It is finance motive that transforms the flow demand for credit/fund to the stock demand for money, thus bridging the gap between the classical theory of interest and liquidity preference theory.

而且，融资动机把对资金的流量需求转化为对货币的存量需求，从而从逻辑上沟通了古典利率理论和流动性偏好理论。

Post-Keynesian economics represents a dissent from mainstream Keynesian economics, emphasizing the importance of demand in the long run as well as the short, and the role of uncertainty , liquidity preference and the historical process in macroeconomics.

后凯恩斯主义经济学的一个持不同政见者从主流的凯恩斯经济学，强调需求的重要性，从长远来看，以及短期和作用的不确定性，流动性偏好和历史进程的宏观经济。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。