货币利率

The monetary policy of Central Bank is one of the macroscopical economic adjustment main means, among them Bench Mark is one of the traditional three major monetary policies tool.

中央银行货币政策是宏观经济调节的主要手段之一，其中基准利率是传统的三大货币政策工具之一。

Under the condition of capital mobility and currency convertibility,money market and foreign exchange market interact with each other.

在资本自由流动和货币自由兑换下，货币市场和外汇市场相互作用、相互影响，利率汇率之间存在灵活有效的传导机制。

This paper analyzes the state of effectiveness of the Japan"s monetary policy during deflation. The Japan"s monetary policy has stepped into liquidity trap. The "zero interest rate policy" cant increase investment and stimulate the economic growth.

本文分析了日本通货紧缩时期的货币政策的效力状况，日本货币政策已陷入流动性陷阱，零利率政策没有增加银行贷款和带动投资，最终刺激日本经济增长。

3 Money, inflation, deflation, disinflation, interest rates, the link between money

货币，通货膨胀，通货紧缩，制止通货膨胀，利率，货币供应量与通货膨胀之间

The measuring methods of liquidity mainly includes: the measuring methods based on the supply and demand theory, Marshall K value and the excess money growth rate, monetarism liquidity measuring methods and etc, at the micro level, market liquidity was mainly reflected by short-term money market interest rates, stock market index yield variance and other indicators.

流动性的测度方法主要包括：基于流动性供求理论的测度方法，马歇尔K值与超额货币增长率，货币主义流动性测度方法等，在微观层面的市场流动性则主要通过短期货币市场利率、股票市场指数收益率方差等指标来反映。

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。

So, Putting the three financial variables together, analyze their dynamic behavior、research adjustive mechanism of economic growth and mechanism of financial risk control is helpful for perfecting financial market、improving the level of monetary policy. This paper consists of several parts.

因此，将货币供应量、汇率和利率三者放到一起，分析它们的动态行为，探讨在这个框架下的经济增长调节机制和金融风险控制机制———金融变量对经济增长的调节与控制，对完善我国金融市场、提高货币政策调控水平具有重要的理论和实践意义。

Among of them, the transmission of interest rates have the most comprehensive and infiltrative characters, which almost include all the aspects of the transmission of monetary policy.

货币政策并非是通过单一的途径进行传导的，其中，利率传导最具综合性和渗透性，几乎覆盖了货币政策传导的各个环节和方面。

The currency is now flirting with 91 support line, a level not seen in 13 years. The Aussie and Kiwi had a volatile day yesterday, initially rising against the dollar but eventually capitulating as demand for the currency weakened as policy makers in Australia, New Zealand lowered their benchmark rates along with the ECB, BoE and Riksbank.

昨日澳元和新西兰元经历了动荡的一天，起初二者对美元的汇率都在上涨，但最终都疲软下来，因为货币需求下滑，接着澳大利亚和新西兰货币决策者都做出了下调基准利率的决定--伴随着欧洲央行，英国央行和瑞士央行的降息行动。

The fall in income reduces the demand for money, and this reduces the nominal interest rate that equilibrates the money market.

收入的降低减少了货币需求，这又会降低名义利率以使货币市场保持均衡。

In the negative and interrogative forms, of course, this is identical to the non-emphatic forms.

。但是，在否定句或疑问句里，这种带有"do"的方法表达的效果却没有什么强调的意思。

Go down on one's knees;kneel down

屈膝跪下。。。下跪祈祷