利率

It can be expected that the decline in interest rates there is still much space, it is necessary to know the lowest interest rates in previous years, the records of bank one-year return on investment rate was only 1.80% which, when the economic environment is now the case is far from grim, if interest rates drop several times, and its effect on the stock market there will be a process of quantitative to qualitative changes, bank deposits are not the proceeds of investors, there will be a "rentier" class from the bank gradually driven out.

可以预计，利率下降有很大的空间，但要知道前几年的最低利率，银行之一的记录一年的投资回报率仅为1.80％，其中，在经济环境现在的情况是远远严峻，如果利率下降几次，其对股市的影响将有一个过程量变到质变，银行存款是不是投资者的收益，将有一个"食利者"类从银行逐步淘汰。

Through a complete cycle of raising interest rates after this week lowered interest rates for the first time, but for the time being due to the abolition of tax on bank deposits, the bank's depositors did not reduce the number of receipts, before the rate cut The one-year deposit rate of return on investment for 3.933 percent, to cut interest rates after an investment return of 3.87 percent, and 10,000 yuan a year-to-deposit interest rate reduction of only 6.30 yuan, so that the bank will cut interest rates failed to exercise any time In the stock market to the role, it may not bring immediate relief to stimulate consumption, the rentier will still be money in the bank to ease food profits.

降低首次利率，但暂时由于税银行存款，银行的存款并没有减少多少收益取消前降息的一年为3.933的百分之投资回报期存款利率，削减后的投资回报百分之3.87的利率，并万元一年来，存款利息只有6.30元，率降低，使央行将降息未能行使任何在股票市场的作用的时候，却未必会即时援助，以刺激消费，食利者仍将在银行存款，以解决粮食利润。

And market-oriented regulation of the representativeness of the parameters of the tools, practices, interest rates and exchange rates.

在利率和汇率的调整过程中，利率水平和汇率和利率重估汇率形成机制的改革，必然需要伴随事迹。

Combined with the financial futures theory , accounting of corporation engaged in IRFs is further discussed .And four kinds of IRFs transaction including speculation , spread , arbitrage and hedge are studied in detail. Accounting of arbitrage and accounting of spread , which are often ignored by most research on the derivative financial instruments accounting , are also studied .

对利率期货投资企业会计，在现有衍生金融工具会计的研究中，大多对套利交易、套购交易会计问题采取存而不论的态度，本文按照交易方式将利率期货交易进一步分为利率期货纯粹投机交易、套利交易、套购交易和套期保值交易四部分进行了尝试性的讨论。

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。

By regressive analyses of yield spread to interest rate and credit rank, building the stepwise linear regressive monitoring model of compound factors. With influence of product deadline, market risk and credit condition, yield spread shows non-linear changes. The main reason is the influence of credit condition and product deadline and market interest rate.

通过收益利差对产品期限、市场利率和信用等级等进行逐步线性回归，建立了OTC金融衍生品复合因子的监控模型；受产品期限、市场利率和信用状况的影响，收益利差呈非线性变化，主要原因是信用状况与产品期限、市场利率三者存在相互影响。

Among them, the long term interest rate is chosen as the intermediary target by Keynes school, and money supply chosen by Monetarism, the interest rate chosen by horizontalism with consideration that the interest rate elasticity of the monetary demand is very high, and William Poole thinks that the choice of intermediary s targets must depend on two factors: First is which is more unstable between the actual economy and money. Second is the slope of IS and LM curve.

现将每章的主要内容分述如下：论文第一章对货币政策中介目标国内外的理论作了一个研究综述，提出理论界在选择货币政策中介目标方面的不同观点，其中国外有：凯恩斯主义认为应将长期利率作为中介目标，货币学派认为应将货币供应量作为货币政策的中介目标，普尔认为中介目标的选择必须取决于两个因素：一是实际领域和货币领域哪个部门更不稳定，二是IS和LM曲线的斜率；水平主义理论主张，在货币需求的利率弹性很高的前提下，利率也就成为货币政策的中介目标。

The thesis deep-seated probes into the reasons of the mobility problem. In reality, the reasons include illogical interest rate mechanism, lacking the medi-organization, inappropriate structure of bondholders, impercipient market main body, and macro-economic condition etc. All of them limit the mobility of IBBM.

4本文认为产生流动性问题的主要原因在于：利率机制作用不合理，即发行利率机制不合理和一级市场与二级市场利率不对称；交易中介机构欠缺，即做市商制度不完善和经纪人制度缺乏；市场主体结构不合理，即参与者结构不合理和债券持有者结构不合理；市场主体对市场认识不足，即商业银行和其他市场主体对市场认识不足；宏观经济环境等。

This paper mainly studied the price fixing of derivative securities under the random interest rate model which applied stochastic differential equations on the basis of option pricing theory and the model of derivative securities pricing, several majo

在双因子Vasicek随机利率模型下给出了折价债券满足的偏微分方程和债券定价公式，通过分析到期收益率与远期利率的动态变化过程，推导出双因子Vasicek随机利率模型下折价债券买权和卖权的定价。

The primary forms of interest rate risk to which banks are typically exposed are:(1) repricing risk, which arises from timing differences in the maturity and repricing of bank assets, liabilities and off-balance sheet positions;(2) yield curve risk , which arises from changes in the slope and shape of the yield curve;(3) basis risk, which arises from imperfect correlation in the adjustment of the rates earned and paid on different instruments with otherwise similar repricing characteristics; and (4) optionality, which arises from the expressed or implied options imbedded in many bank assets, liabilities and off-balance sheet portfolios.

银行面对的利率风险主要表现为以下几种形式：（1）再定价风险，它产生于银行资产、负债和表外业务的期限不匹配和利率调整的幅度不一致；（2）收益曲线风险，它产生于收益曲线的斜率和形状发生的变化；（3）基本点风险，与再定价风险相似，它主要来自对不同金融工具收取和支付的利率不成比率的变动；（4）选择权，它产生于银行资产、负债、表外业务中存在的或明或暗的选择权。

He is the most remarkable man that I have ever known.

他是我知道的人中最值得注意的人。

Increased appearance of lymphocele was noticed in patients with diabetic nephropathy, congenital malformations of the urinary tract, and inflammatory diseases, including glomerulopathy and extraglomerular ones, after high-voltage radiotherapy and after removal of the renal graft.

经过高压放射疗法和切除移植肾后，在糖尿病肾病患者、泌尿系统先天性畸形患者和炎症患者身上发现淋巴囊肿有所增加，包括肾小球病和球外疾病等。