利率

One of the key factors of the interest rate liberalization reform is to find the proper basic interest rate, and to build a system with reasonable interest rate of market on the basis of basic interest rate.

利率市场化改革的关键之一在于找到合适的市场基准利率，在基准利率的基础上形成合理的市场利率体系。

In accordance with our existing level of interest rates, the biennial benchmark interest rates for time deposits of 4.14 percent, the Ministry of Finance issued the latest certificate (5) 3-year bonds with a coupon rate of 5.53% can be projected for the biennium of the bonds carry a coupon interest rate will be lower than 5.53%.

按照我们现有的利率水平，两年的百分之4.14，财政部定期存款基准利率签发的票面利率5.53％的最新证书（5）3年期债券可用于债券两年期预测进行将低于5.53％的息票利率。

First, the article introduces main theories of interest rate transmission mechanism in western countries, and then studies the actuality of the effect of interest rate transmission mechanism in China demonstratively. After that, based on the essential analysis of

文章首先介绍了西方货币政策利率传导机制理论，着重分析了这些理论发挥作用的途径和模式；其次，通过各种数据分析了我国货币政策利率传导机制的现状；接着针对转型期我国利率传导机制表现出的独特现象提出了加强我国货币政策利率传导效率的政策建议。

And consummate monetary market in our country to form an effective interest rate forming mechanism. The liberalization of interest rate system will bring the tremendous challenge to China commercial banks.

随着金融改革的深入，为了解决中国利率机制刚性的问题，必须改革我国以往利率计划决定的体制，推进利率市场化改革，进一步完善货币市场的建设，形成有效的利率形成机制。

Under the hypothesis of stock price submitting to exponential Ornstein-Uhlenbeck process ,we solve the formula of pricing of stock and analyse the kind of the option formula, and then aiming at the blemish to suppose to interest rate before and considering the relation of the fluctuation of interest rate and the fluctuation of stock price , we bring up the model of the market interest rate and focus on analyzing the effect of the fluctuation of market interest rate on the option price based on the model.

本文首先在股票价格服从指数Ornstein-Uhlenbeck过程模型假设下，求解了股票的定价公式，分析了期权公式的性质，然后针对以往对利率假定的缺陷，考虑到市场利率波动与股价波动的相关性，提出了市场利率模型，并在此基础上，着重分析了市场利率的波动对期权价值的影响，求得了适合于期权有效期较长情形下的期权定价公式，并将该公式通过实例与著名的Black-Scholes期权定价公式进行了深入比较。

This thesis analyzes choice of the loanee"s refusing to return the loan and returning the loan ahead of the appointed time and the loanees"s loss suffered from the rise of interest rate through real cases. The loaner that operates at fixed rate may not be able to get the additional income from the decline of the market interest rate just because the loanee breaks the contract by returning his loan ahead of time or refusing to return his loan.

当市场利率提高时，固定利率贷款必须按原定利率执行，而融资成本却必然上升，使收益减小，甚至可能出现利率倒挂，使银行损失惨重。

" Floating rate note: Note issued from five to fifteen years with a fixed spread, usually over the six month London Interbank Offered Rate, normally with provision for a minimum interest rate."

浮动利率票据：这种票据期限为5到15年，利率通常为6个月伦敦同业拆放利率加固定利差，并有最低利率规定。

Evening on 15, People's Bank of China decided to cut the benchmark interest rate of RMB loans and small and medium-sized financial institutions RMB deposit reserve rate: From September 16, 2008, the lower one-year RMB benchmark lending rate 0.27 percentage points, the grade of other period in accordance with the short-term benchmark lending rate polytonality, less stressed the principle of long-term adjusted accordingly ; deposit benchmark interest rates unchanged.

9月15日晚，中国人民银行中国银行决定降低人民币贷款和小基准利率中小金融机构人民币存款准备金率：从2008年9月16日，下一年期人民币贷款基准利率上调0.27个百分点，在其他依照期间与短期贷款基准利率多调级，少强调原则长期作相应调整，存款基准利率不变。

This dissertation reviews systematically the research on term structure at first, including hypothesis of term structure formation, methods of estimating term structure, dynamic behavior of interest rate, principal component analysis of term structure, dynamic models and methods of estimating these models.

论文首先对国内外有关利率期限结构的研究进行了比较详细的介绍，包括利率期限结构形成理论、静态估计方法、利率变动的行为特征和主成分分析、利率期限结构动态模型及估计方法。

The proposed new decision model concerned with commercial bank interest-sensitive assets portfolio of bond interest-sensitive assets and non-bond interest-sensitive assets, can use to calculate the optimal interest rate sensitive assets allocation to minimize the risk of fluctuating interest rates.

二当面对利率波动时，管理者藉利率敏感性资产投资组合最适配置决策模式，可以预测在利率变动风险最小下，非债券利率敏感性资产与债权凭证利率敏感性资产之最适配置比例。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。