金融市场

With the fast development of China's financial market, the key elements of financialmarket (debenture market, stock market, foreign exchange market and futures market)have developed greatly both in exchange size and varieties exchangeable.

随着中国的金融市场的市场化改革的加速推进，我国的金融市场的重要组成部分债券市场、股票市场、外汇市场和期货市场无论是从规模、还是可以交易的产品品种都得到了空前的发展。

Mayhew concluded that it is rather difficult to tell whether derivative markets worsen financial-market volatility, because their creation tends to come when existing financial markets already are more volatile, or can be predicted to become so.

梅休的结论是：确定衍生品市场是否加剧了金融市场的动荡非常困难，因为金融衍生品市场本身就是在现有金融市场波动加剧、或预计有可能波动加剧的情况下才得以创立。

Financial derivative instrument as a dealer to transfer risk to the bilateral agreement, has infused the new vigor for the financial market. It while provides the effective circumvention risk method for the market swapper, but also provides the opportunity to seek huge benefits, greatly facilitating the financial market's stability and development.

金融衍生产品作为一种旨在为交易者转移风险的双边合约，给金融市场注入了新的活力，它在为市场交易者提供有效规避风险手段的同时，还提供了谋取巨额利益的机会，极大地促进金融市场的稳定和发展。

By building the artificial finance market and using thestatistic theories and methods,it explores the reasons that cause the abnormalphenomena from the micro level.This dissertation uses the methods of theAgent-based computational finance.The stock market is viewed as complex adaptivesystem consisting of many boundedly rational and dynamic heterogeneous traders.

基于Agent的计算金融学将金融市场看成由大量发生交互作用的经济主体组成的复杂适应系统，通过构建人工金融市场进行仿真模拟，并应用统计学的理论和方法，对模拟市场的整体性质及宏观规律作出微观解释，从而揭示金融异象的形成原因。

Chapter 2 discusses the necessity of the establishment and development of Shanghai offshore financial market and focuses on its influence to Chinese economy and the construction of Shanghai international finical center.

本文共分四章，结构安排如下：第一章，离岸金融市场概述介绍了离岸金融市场的含义、特点及发展情况，主要阐述离岸金融市场的发展及其发展的国际经验。

The favorable environment can be attributed to improvements in economic fundamentals in emerging markets, a reduction in external borrowing requirements, the abundant global liquidity that has allowed many sovereigns to prefinance their 2005 external financing needs, and more reliance on domestic capital markets.

许多新兴市场国家经济的基本要素正在不断改善－－包括加强他们政策框架可信性和债务结构质量的工作－－已经使主权信贷等级得到一系列提升，有助于形成良性的金融市场环境。关键词：金融稳定，私人部门，利率政策，通货紧缩，流动性，资本市场在过去的两年里，新兴市场主权债务国享受到了大为改善的金融环境。

After the accesssion to wto, our Financial market have to open to world Gradually so the Opposite and mature of mixed managing mode in Western country is must to be a Huge threat to our Financial market ,the Financial department's mixed managing mode has become a Inevitable Trend in our country , author intent to Analyze the research the Present condition of the Financial industry and the reportion of the International situation to Certificate the Necessity of the mixed managing mode and suggest the Measures to it's problem .

在国际经济一体化和金融国际化的浪潮下，我国分业模式下的金融体制日益暴露了整体竞争力不足的缺陷，再加入WTO以后我国金融行业逐步对外开放的背景下，西方国家相对成熟的混业经营模式必然对我国金融市场形成巨大的威胁，我国金融业的混业经营已成为不可扭转的历史趋势，本文旨在通过对我国金融市场现状的分析研究以及对国际金融形势的总结报告论证混业的必要性并对其可能带来的问题及解决措施提出一己之见，希望能够对&混业经营&有所帮助

Nest,according to the economical and financial influence of the crisis,connecting the situation of our natioal economical system,and following other countries' resolution to the financial,there came out five measures to idealise our financial system:first,to arrange the macroscopical financial adjust and control means;secondly,to lead the financial orgniation to the right choices;thirdly,to strenghten the financial supervise system;forthly,to build the stable financial marcket system;fifthly,to create an safe financial environment,to offset the frail part of the financial system,and respond actively to the threat of the American loan crisis.

然后根据次贷危机对经济及金融体系的影响、结合我国金融体系的现状、借鉴他国对金融体系的改革措施，得出了完善我国金融体系的五方面对策：第一，整合宏观金融调控手段；第二，引导金融机构对金融创新的正确选择；第三，健全金融监管体系；第四，建立稳定的金融市场体系；第五，营造安全的金融环境，以此为金融体系的脆弱部分添砖补瓦，积极应对美国次贷危机的威胁。关键词：美国次贷危机，金融体系，金融改革，经济发展

Today the Euromarket has become an indispensable element of the international financial market.

境外金融市场和国内金融市场的重要区别是欧洲货币银行业务不受国内银行规章制度的管辖。，欧洲市场已成为国际金融市场不可分割的一个部分。

Moreover, Global Finance Market System is made up by the Exchange Market, Monetary Market, International Stock Market, International Gold market and Domestic Finance Market.

这些国际金融市场与国内金融市场联结在一起，构成世界金融体系。本论文将就国际金融市场及研究方法做一个比较详尽的综合论述。

I didn't watch TV last night, because it .

昨晚我没有看电视，因为电视机坏了。

Since this year, in a lot of villages of Beijing, TV of elevator liquid crystal was removed.

今年以来，在北京的很多小区里，电梯液晶电视被撤了下来。