金融市场

In this section, we can keep the economy grow fast and the money market activity but in order. And not only keep the sufficient competition among the finance institutions, but also avoid the money market risk assuringly. Releasing the exchange rate can enhance the capital flowing among the countries. Then the foreign finance crisis is easier to impact inland.

在这个区间内，经济能够保持持续快速增长，同时金融市场又是活而不乱，各金融机构之间既有充分的竞争（如各商业银行可以在规定的上下限范围内自行确定利率，建立信用等级与利率的对应关系），又可以有保证地避免金融市场的风险；放松汇率使得国家间的资本流动加强，伴随而来的是外国的金融危机更加容易传递到国内。

In this case, some of exist balance of financial system may be broken, investors will transfer some fund to the financial market from the intermediary, cause the funds flow to financial market from the bank account, namely "disintermediation" that usually said.

这种情况下，金融体系中原有的资金配置均衡就可能被打破，投资者会将一部分资金从银行中介转移到金融市场，造成银行存款资金流向金融市场的现象，即通常所说的"脱媒"。

With the expanding and self-improvement of direct finance market from the middle of 20 centuries, the mode of enterprise financing has changed much, which is known as disintermediation. The market-based financial system has become the choice of many countries which is characterized by direct financing, and the effect and function of banks is facing much greater challenging than ever before.

二十世纪五六十年代以来，随着西方国家直接金融市场规模的迅速扩张和功能的日趋完善，企业的外部融资方式发生了重大变化，以直接融资为特征的市场主导型金融模式成为许多国家金融体制选择的目标，银行在社会经济生活中的作用和功能受到了前所未有的挑战。

Due to the impacts of bad fiduciary loan and financial reformation happened in Taiwan for the past few years, The financial development in recent years is not benefiting the economic in Taiwan; In china, as a result of increasing in financial needs, financial market opening and etc, the financial development is consider as one of the main factors for economical growth; As the international trading getting more complex, the financial demand will be increased as well, Therefore, the export trading and financial changes for both countries are positively affecting each other, but the effects for Taiwan are only short term and for China, the effects will be long term.

由实证结果可知现阶段台湾与中国大陆出口扩张政策是带动经济成长的良药，台湾因为前几年双卡风暴及金融改革制度的影响，近年金融发展无法有利於台湾经济；大陆因国内金融需求庞大、金融市场开放等原因，金融发展也是经济成长的要素之一；当一国的国际贸易进行越来越繁复，对金融需求也就越来越大，所以，两岸出口贸易和金融深化的关系皆是正向影响，但台湾则是短期显著影响、大陆是长期显著影响。

Then the impacts of MMF on the banking, fund industry and financial market show that the development of MMF will contribute greatly to the development of the financial market. So it is beneficial to the reform of the financial mechanism in China.

然后分析货币市场基金的出现对我国银行业、基金业以及整个金融市场的影响，得出货币市场基金的推出对我国的金融体制改革的发展和深入有着重大的意义，因此要极力促进我国货币市场基金的发展。

U.S. secondary mortgage loan is one of the many financial product innovation, mainly referring to financial institutions for credit scores below 620 points, proof of income loss, a heavier debt provided by the housing loans, in the past few years because of help to solve more More than the housing market has been sought after, but today, it has become a world-class crisis in the fuse, causing the impact on global financial markets and investors panic.

次级抵押贷款是美国众多金融创新产品之一，主要指金融机构为信用分数低于620分、收入证明缺失、负债较重的人提供的住房贷款，在过去几年里因为有助于解决更多人的住房问题而受到市场追捧，然而今天，它却成为一场世界级危机的导火索，造成全球金融市场的振荡和投资者的恐慌。

After entering WTO, facing with the most urgent international financial competition, we only need find the problems practically, adapt the financial industry's mixing operation of international magatrends, change unadvisable patterns, contents and system of financial supervision, and then strengthen it, and at the same time realize the safe link between domestic and international financial markets to maintain the economic development.

入世后，面临"兵临城下"的国际金融竟争，我国只有实事求是的查找自身的问题，努力适应金融业混业经营的国际大趋势，改变不相适宜的金融监管的方式、监管内容、监管体系，加强监管，实现国内金融市场与国际金融市场的安全对接，进而维护经济的发展。

This kind of default in the research on financial crisis early-warning make people unable to understand the financial crisis, even not to explain and predict the crisis contagion and the deepening, which result in the inaccuracy and unstability, even unpredicting in the financial crisis predicting.

本论文将心理变量引入金融危机预警研究，利用协同理论、灾变理论等非线性的理论与方法分析研究金融危机爆发、传播、深化过程中的非线性机制，提出了以金融市场心理监控为主体的金融危机预警多维空间模式，认为金融危机的预警应该是多角度，全方位的，不仅要预测金融危机在一个经济体中的爆发，还要预警经济体之间的传播，更要对金融危机转变为社会政治危机的金融危机深化过程进行监控和预测。

This has the effect of penalising them by ratio of financial market size to per capita money GDP.

用金融市场规模和人均国内生产总值金额的比率对金融市场发展水平进行调整，这些国家和地区的金融市场发展水平就会显得偏低。

Recently, the falling prices of primary products will be in favor of enlarging import and reducing the cost press for the imported and exported enterprises.

这将有利于中国扩大进口，减轻进出口企业持续上升的成本压力。但是，国际初级产品市场与金融市场的关系越来越密切，金融市场的动荡必然引发商品市场价格波动。

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。