实际利率

It carries a thorough discussion of the realistic significance and profound influence which caused to the Chinese monetary market of the interest rate swap. The article believes that the interest rate swap will provide a effective way of financing for Our Enterprise, speeds up the development of our commercial banks, meets the demand of interest rate swap on bond market, has positive influence to our interest rate reform. Secondly, this chapter discussed the restriction factor and the countermeasure of interest rate swap from the aspects of money market interest rate index, the fluidity and the market access.

它首先对我国发展利率互换所具有的现实内涵、推出利率互换对中国金融市场产生的深远影响进行了比较深入的探讨，文章认为利率互换可以为我国企业提供了一种有效的融资方式、有利于我国商业银行更好地发展、满足债券市场对利率互换的需求并将进一步促进我国的利率市场化；其次，结合我国的实际情况从利率互换工具本身、交易主体和宏观环境三个方面，探讨了我国开展人民币利率互换后的风险防范问题；最后，本章还从货币市场利率指数问题、流动性问题、市场准入问题等几个方面探讨了我国利率互换市场发展的制约因素及对策。

Monetary easing--even unorthodox--is like pushing on a string when （1） the problems of the economy are of insolvency/credit rather than just illiquidity;（2） there is a global glut of capacity （housing, autos and consumer durables and massive excess capacity, because of years of overinvestment by China, Asia and other emerging markets）, while strapped firms and households don't react to lower interest rates, as it takes years to work out this glut;（3） deflation keeps real policy rates high and rising while nominal policy rates are close to zero; and （4） high yield spreads are still 2,000 basis points relative to safe Treasuries in spite of zero policy rates.

因为目前存在四方面问题：（1）金融层面的问题不仅是流动性不足，还在于资不抵债；（2）由于中国、亚洲及其他新兴市场持续多年的过剩投资，在住房、汽车、耐用消费品等领域形成了庞大的全球性产能过剩；（3）尽管名义政策利率已接近零点，但通缩却使得实际政策利率居高不下，甚至继续上升；（4）尽管政策利率接近零点，但高风险的高收益证券与安全的美国国债之间的利差仍高达2000个基点。

So, it is very important and necessary for Chinese commercial bank management how to deal with interest rate fluctuating acutely, study actively advanced interest rate risk measurement from overseas, while, take into account situation of Chinese commercial bank to choose appropriate interest rate risk measurement model, and establish effective interest rate risk management mechanism.

因此，如何应对利率日益波动剧烈的形势，积极学习国外先进的利率风险测度技术，并充分考虑我国商业银行的实际情况，选择适合自身的利率风险衡量模型，建立行之有效的利率风险管理机制是我国商业银行利率风险管理的当务之急。

When real rates fall, he points out, commodity producers have more incentive to keep their asset—whether crude oil, gold or grain—in the ground or in a silo, than to sell today.

他指出，当实际利率降低时，商品生产商与其现在卖出商品，还不如公开地或秘密地保留他们的资产——包括原油、黄金或者谷物。

So it is worrying that global monetary policy is now at its loosest since the 1970s: the average world real interest rate is negative.

所以当前令人担忧的情况是全球货币政策正处于1970年代以来最宽松水平：平均世界实际利率为负。

So it is worrying that global monetary policy is now at its loosest since the 1970s: the average world real interest rate is negative.

现在的货币政策是70年代以来最宽松的—世界平均实际利率为负—这一事实令人格外担忧。

So it is worrying that global monetary policy is now at its loosest since the 1970s: the average world real interest rate is buy eve online isk negative.

现在的货币政策是70年代以来最宽松的—世界平均实际利率为负—这一事实令人格外担忧。

Many of the more elastic results of open macro -- namely, low inflation, the real interest rate conundrum, and even the Teflon-like dollar -- are outgrowths of years of excess liquidity.

开放的宏观经济带来的更具有弹性的结果——即低通货膨胀、实际利率之谜、甚至特弗隆式的美元——都是这些流动性过量的产物。

Because in the real interest rate is negative circumstances, in a rapidly rising real estate prices, speculative demand for the false will step forward.

因为在实际利率为负值的情况下，在一个迅速上升的房地产价格，投机的虚假需求将走上前台。

The underlying liquidity that caused all the excitement last year is as abundant as ever.

资本流入也使得中国不愿意加息，结果是今年实际利率的负值比去年更大。

Cynanchum Lingtai apricot production in the average weight 65 grams, the brightly-colored fruit, juicy rich, sweet-sour taste, sweet from the nucleolus, when the late Qing Dynasty famous Shaanxi, Gansu provinces, the Qing imperial court Tongzhi tribute for years.

灵台生产的牛心杏平均单果重65克，果实色泽鲜艳，汁多味浓，甜酸适口，离核仁甜，清末时就驰名陕、甘两省，清同治年间曾为朝廷贡品。

Chenopodium album,Solanum nigrum, and Amaranthus retroflexus were very susceptible to the herbicides. Polygonum persicaria and Abutilon theophrasti were relatively less susceptible to the herbicides, and Lycopersicon esculentum was not susceptible to it. The relationship between reduction rates of weed biomass and PPM values of weed leaves 2,4, and 6 days after treatment was established.

供试的6种杂草对该混剂的敏感性存在显著差异：红心藜Chenopodium album、龙葵Solanum nigrum和反枝苋Amaranthus retroflexus对该混剂最敏感，ED90值分别为47.65、71.67和29.17g/hm2；春蓼Polygonum persicaria和苘麻Abutilon theophrasti敏感，ED90值分别为96.91、114.20g/hm2；而番茄不敏感。