货币利率

In Japan, following the collapse of the bubbles, the government reduces the rate forwardly, then the economy fall into the state of low inflation rate and low interest rate. Being afraid of inflation, the Bank of Japan is reluctant to further relax the monetary policy leading to the economy reviving very crisp. Under the external impact, the economy fall into the deflation, and the rate policy loses its effectiveness.

日本则是在泡沫经济崩溃后，政府为了促进经济增长，主动降低利率，进而使经济进入了低通胀低利率状态，但由于日本央行害怕通货膨胀，不愿意进一步放松货币政策，导致日本经济的复苏非常脆弱，在外部经济的冲击下，经济进入了通货紧缩状态，利率政策失效。

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。

The validity of money supply"s being ITMP decreased consumedly as incessant opening of economy, finance innovation day and month, finance integration, development of finance technology and the birth of electron money, which all lead to low controllability of money supply and money" endogen sis to a great extent.

随着我国经济开放程度不断提高，金融创新日新月异，金融一体化、利率市场化、金融技术发展、电子货币的出现导致货币供应量可控性降低、内生性增强，货币供应量作为ITMP的有效性大为降低。

With the international flows of factors, such as commodities, capital and labor force...etc., China economy depends on the world economy closer and closer and the problem of exterior equilibrium and internal equilibrium have emerged.

而 1994 年以来，货币政策和汇率政策出现了三次明显的冲突，这三次冲突的实质是独立货币政策(基础货币投放适度、人民币利率水平可控)和汇率政策的关系问题。

Market economy are strongly related to consumer credit due to some of its basic ideas, such as the recognition of income difference; the respect for individual; and the financial institutions' nature of maximizing their profits.

利率能否调节消费信用的供给和需求则取决于：一是消费信用的供求双方对利率的升降有没有反应，二是要看利率是不是能够反映货币的供给和需求，或者说利率有没有市场化。

The stickiness nature of loan rate is derived from the relationship between loan rate and money market rate.

贷款利率的粘性特征是从贷款利率和货币市场利率之间的相关关系中衍生而来。

This paper examines whether or not stock return responds asymmetrically to monetary policy shocks. We use over-night rate volatility to measure monetary policy and apply Component-GARCH-Constant Jump and ARJI-Trend model to capture expected and unexpected effects of government's monetary policy on the stock return in American, Canada, Japan, and Britain. Considering the non-normality features of these assets returns, this paper use skewed student t distribution to estimate the relationship between the permanent and transitory components of the conditional variance and the frequency and intensity of jump of stock return.

本文探讨货币政策对於股市报酬之影响，选取货币政策代理变数－金融业隔夜拆款利率在分别采用Component-GARCH-Constant Jump与ARJI-Trend模型，并同时考量报酬率呈现非常态之特性，因此采用偏态t分配(skewed student t-distribution)进行估计条件变异数的恒常与移转部份及跳跃机率与跳跃频率，以捕捉政府实施预期及非预期的货币政策对股市报酬的影响，分析在预期及非预期的货币政策冲击下对股市的影响是否存在不同之效果。

Last December 4, People's Bank of China to the national financial institutions issued a report on the "micro-open foreign currency deposit rates," the notice declared that from now on, all commercial banks according to the People's Bank in July 2, 2003 standards published by the interest rate cap, self-determined dollar, yen, euro, Hong Kong dollars, pound sterling, Swiss franc and Canadian dollar currency seven small foreign currency deposit rates.

去年12月4日，中国人民银行中国国家金融机构发表了一份报告，对&微型开放外币存款利率&，该通知宣布，从现在起，各商业银行按照人民银行在7月2， 2003年公布的标准利率上限，自我确定美元，日元，欧元，港元，英镑，瑞士法郎和加拿大元七个小货币的外币存款利率。

Monetarists emphasize keeping the growth rate of money steady, and using monetary policy to control inflation (increasing interest rates, slowing the rise in the money supply).

货币主义者强调保持稳定货币供应增长率及采取货币政策控制通货膨胀(提高利率同时减少货币供应)的重要性。

In addition to the fomc, the norge bank (poland central bank is also releasing and are expect to raise 25bp to 6.00%) will also announce rates and publish its monetary policy report today.

除了fomc之外，挪威银行（波兰银行也发布消息，上调利率 25bp 至 6.00%）将公布利率和货币政策。40%的经济学家都预测将有25bp的利率上调，风险很难控制。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。