外汇

According to Meese's exchange rate model in 1986, in this paper, we modified Meese's (1986) model and suppose the Interest Rate Parity is untenable, the risk premium factor and real exchange rate parameter are considered, and the Purchasing Power parity doesn't follow random walk, we derive our modified equilibrium model. Base on the State Space Model, we try to estimate bubbles and risk premium which are unobservable variables by Kalman Filter to test which one is or both are the main factors that to cause the real assets price biased from the market fundamental price.

本文是以Meese(1986)所决定的汇率模型为基础，但Messe一文并未讨论到风险溢酬的问题，故本文为了克服此一缺憾，而假设未抛捕的利率平价说(uncovered interest parity，UIP)不成立，以加入风险溢酬因子，且更进一步假设偏离购买力平价理论(purchasing power parity，PPP)不服从随机漫步，若如此则顺利将实质汇率变数纳入於模型中，重新建立均衡汇率模型，为了验证本文所创立的模型，实证方法以状态空间模型为基础，运用卡门滤波器递回法来估计不可观察的变数，以观察台湾的外汇市场上是因泡沫现象还是风险溢酬造成资产价格偏离市场基要价值或是两者皆是造成实际资产价格偏离市场机要价格的因素。

But China's dollar-heavy reserve accumulation was not just insurance – it supported an aggressive, mercantilist trade policy.

但是，中国以美元为主的外汇储备不只起到保险的作用，它还支撑着中国咄咄逼人的重商主义贸易政策。

In part that increase in saving is due to the Chinese government's mercantilist choice to hold down the value of its currency by accumulating foreign currency reserves.

储蓄增长的部分原因是中国政府大力发展出口贸易，通过大量积累外汇来稳定自己的货币。

Vineet Nayar, Chairman and Chief Strategy Officer of HCL Technologies, describes how its Blue Ocean Strategy has safeguarded the company in the face of the volatile foreign exchange market.

维尼特纳雅尔，HCl科技的主席和首席战略官，描述了公司在面对动荡的外汇市场时，蓝海战略如何起到了保障的作用。

The target king security analysis system is becomes by the wealth culture dissemination center research and development, in integrates 2380 outstanding targets, target operational, you do not need the profound stock theory, may the proper operation, be truly the fool type speculates in the stock market the software; In the software speculates in the stock market in the toolbar, has each kind of stock calculator, the real-time foreign exchange treasure, the video on demand, the online P2 television, the stock good world information, the daily publication magazine, the electronic painting pen, to grasp the chart tool, the organization memoir, the fund radar, the big list inquiry, ultra to win functions and so on rank, and in this help video frequency has the auspicious thin software operation video frequency help and ten extended functions, the user may act according to own demand the software which likes oneself to integrate in this software; But in software's time sharing chart, we integrated this important connection website for you, the user, so long as enters some stock in the time sharing chart, has underneath the left ultra wins the picture, ultra to win the rank, to win the data, ultra to win the data, the L2 data, the DDE target, the BBD target, the panoram information, the unification stock market, the stock news and so on this connection website, the user, so long as clicks may examine this stock the related information; But "the service" in the option card also integrated several hundred well-known finance and economics websites and the video frequency website in the software, may for the user inquiry finance and economics information, ultra win finance and economics related contents and so on data, fund quotation, finance and economics video frequency, news information.

指标王证券分析系统是由财富文化传播中心研发而成，内集成2380个优秀指标，指标操作性强，你不需要高深的股票理论，就可以正确操作，真正是傻瓜式炒股软件；在软件的炒股工具栏内，有各类股票计算器、实时外汇宝、网络电视、在线P2电视、股行天下资讯、每日报刊杂志、电子画图笔、抓图工具、机构研究报告、资金雷达、大单查询、超赢排行等功能，且此帮助视频内有祥细的软件操作视频帮助和十个扩展功能，用户可以根据自己的需求把自己喜欢的软件集成到本软件中；而在软件的分时图中，我们又为你集成了该股重要的关联网站，用户只要进入某股票的分时图中，在左下方就有超赢图片、超赢排行、全赢数据、超赢数据、L2数据、DDE指标、BBD指标、全景资讯、统一股市、个股新闻等该股关联网站，用户只要点击就可以查看该股的相关信息；而在软件的&服务&选项卡中还集成了几百个知名的财经网站和视频网站，可供用户查询财经资讯、超赢数据、基金行情、财经视频、新闻资讯等财经相关内容。

But plundering the country's vast reserves to pay for domestic programs is simply not an option.

但将中国巨大的外汇储备分一块用于国内项目支出显然行不通。

They can hardly believe what Yigang,the chief of Chinese State Administration of Foreign Exchange have said that chinese government do not want to politicalize the holding of US treasury bond.

他们不太可能被中国国家外汇管理局局长易纲昨天的讲话说服，相信中国政府不希望把持有美国国债这件事政治化。

The traffic which you bought have finished,please rebilling to continue.

你买的流量消耗完毕，请续费。外汇入门+50%返佣。

The EF Duplicate MP3 Finder looks if desired in multiple drives or multiple paths for dupes and recurse in subfolders.

外汇基金重复的MP3搜寻看来，如果想要在多个驱动器或多重路径dupes和recurse在子文件夹。

This paper tests the controlling efficiency of China's monetary tools on base money, and indicates that China's monetary tools' efficiency is low. Moreover, it relatively shows that the efficacy of interest rate of required reserve is higher than mirror image of foreign exchange reserve, which is higher than the efficiency of reloan and the required reserve ratio.

以1999年12月至2007年3月相关变量的月度数据为样本对交互影响和多元反馈条件下我国货币政策工具对基础货币的控制效率做检验，得出：样本区间内，我国货币政策工具的控制效率低，相对而言存款准备金利率作用效力相对较高，外汇占款次之，再贷款和法定准备金率效率低。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。