资产货币

Asset price especially the stock price in China has basically no correlation with enterprises investment and it has more substitution effect than wealth effect on household consumption, but it has large demand elasticity for money.

我国资产价格主要是股票价格虽然与企业投资的相关关系不显著，对居民消费的替代效应大于财富效应，但对货币的需求弹性较大。

The money market is a market that enterprises raise the short-term fund, the market that implements financial macro adjustments and controls of Central Bank, and have offered the foundations of depending on the fixed price of various kinds of financial assets- Bench Mark for financial system.

货币市场是企业筹集短期资金的市场，是中央银行实施金融宏观调控的市场，为金融系统提供了各种金融资产赖以定价的基础—基准利率。

The existence of the relationship between connected parties is likely to cause the loss of commercial nature of non-monetary assets transaction.

关联方关系的存在可能导致发生的非货币性资产交换不具有商业实质。

Chapter 4 Analysis the impact of asset prices on commodity prices by the excess money supply.

第四章主要分析我国超额货币供给对资产价格和商品价格的影响。

Especially in recent years, thanks to the proliferation of mobility in the domestic market, after a number of years of accumulation of super-currency, inflation is clearly demonstrated as far as to the 2007 mid-term, as well as foreign and domestic factors in the common role, especially the United States, the loan-to-crisis and domestic assets overheated investment, China's economy to the cost-push inflation direction of the trend of development.

特别是近几年来，由于国内市场上流动性泛滥，在经过若干年的货币超发积累之后，到了2007年中期，通货膨胀十分明显地表现出来了，并且在国内以及国外因素的共同作用下，特别是美国次贷危机和国内资产投资过热，我国经济有向成本推动型通货膨胀方向发展的趋势。

Another emphasis in this study is analyzing the effect of change in the variance, covariance and different elasticity.

除此之外，为了更清楚了解金融市场对最优权重的影响，本文重点分析了分配给两国货币权重大小的比较以及方差、协方差和各种资产需求弹性的变化所引起的最优权重的变化。

The money-market mutual-fund industry would have loved to have earned one and change on its two trillion in assets,' said Lou Crandall, economist with Wrightson ICAP, a Wall Street fixed-income research firm.

华尔街固定收益研究公司Wrightson ICAP的经济学家克兰德尔说，货币市场共同基金行业所持的2万亿美元资产要是能实现1%左右的收益它们就很高兴了。

Cash is the most current monetary asset in an enterprise.

摘要现金是企业中流动性最强的一种货币性资产。

At present, the enterprise annuity investments are based mainly on the "pension fund management business on a trial basis", investment bank demand deposits, the central Bank notes, bonds buy-back short-term liquidity, and other products and the ratio of money market funds, funds of not less than 20% of net assets; investment bank time deposits, deposit agreements, bonds, Jinrong Zhai, corporate debt, and other fixed-income products and Debt conversion, the ratio of bond funds, the fund does not exceed 50% of net assets.

目前，企业年金投资的依据是"养老基金管理业务，主要是试行"，投资银行活期存款，央行票据，债券回购的短期流动资金，以及其他产品和货币市场基金的比例，不低于净资产的20％资金，投资银行定期存款，协议存款，债券，锦荣翟，公司债务，以及其他固定收益产品和债务转换，债券基金的比例，不超过基金资产净值的50％。

By contrast, in a depression caused by falling asset prices, a credit crunch and deflation, conventional monetary policy is much less potent than fiscal policy.

相反，传统的货币政策对由资产价格下跌、信贷萎缩和通货紧缩而引发的大萧条的作用不敌财政政策。

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。