The rate of foreign exchange, once established, was supposedly fixed. 这个汇率一旦制定就被认为是固定不变的。
Private capital would flood out of the country, bringing down the exchange rate and the mountain of foreign exchange reserves. 私营资本将因此大量流出中国,从而降低人民币汇率,并减少中国巨大的外汇储备。
Long-term Memory Comparative Study on Rate of Return of Euro Foreign Exchange Market 欧元外汇市场收益率的长期记忆性比较研究
A long-term equilibrium rate of foreign exchange was sought by all countries. 所有国家都谋求一个长期稳定的汇率。
Exports and imports of goods between nations with different units of money introduce a new economic factor: the rate of foreign exchange at which the currency of one country exchanges for the currency of another. 使用不同货币的国家之间要进出口货物,就必须引人一个新的经济因素:把一个国家的货币换成另一个国家货币的外汇兑换率。
The key of the success lies in the establishment of macro-economy environment, reform of the interest rate market, formation of foreign exchange mechanism and the change of financial supervision. 其中,宏观经济环境塑造、利率市场化改革、汇率机制的形成和金融监管方式的改变,是人民币自由兑换进程中必须首先解决的重点问题和成败关键。
Therefore, from the policy level, it's compulsory to quicken the renminbi interest rate market-orientation progress, changing ideas of foreign exchange derivative dealing supervision, establishing an efficient forward inter-bank foreign exchange market, developing the bank exchange rate risk offset channels; 因此,从政策层面上,应加快人民币利率市场化进程,转变外汇衍生交易监管思路,建立高效的银行间远期外汇市场,开辟银行汇率风险对冲渠道;
With the increasingly intensive competition in worldwide shipbuilding market and the reformation of forming system of RMB exchange rate, the fluctuation of foreign exchange rate makes a more profound effect on the domestic shipbuilding industry. 随着国际船市竞争日趋激烈和我国人民币汇率形成机制的改革,汇率变动对我国造船业的影响日益加大。
Under the influence of the global economic changing, the rate of foreign exchange waves violently. 受全球经济变化的影响,外汇汇率波动幅度很大。
Finally, we use R/ S method to analyse the change of foreign exchange rate, find out the change of foreign exchange rate follows biased random walk, bring forward some new opinions on the measurement of the foreign exchange market risk and make some policy recommendation. 最后运用R/S方法对外汇变化进行了分形分析,得出汇率变化遵循有偏的随机游走,呈现出状态持续性,对外汇市场风险的度量提出了一些新的看法,并提出了几点政策建议。
It is compulsory for China to have a breakthrough in the developing of such financial derivatives as stock index futures, Renminbi interest rate swaps, development of foreign exchange market, etc. 未来我国金融衍生产品的开发至少应该在股票指数期货、人民币利率掉期、银行间外汇市场发展等方面有所突破。
From the real rate of foreign exchange's influence on export trade and export structure, this paper empirically analyzes their relations and puts forward some suggestions. 本文从实际汇率对出口贸易及出口贸易结构的影响出发,实证分析了它们之间的关系,并提出了相关的建议。
At the same time, China should also pay great attention to the change of world financial market and the trend of exchange rate, timely adjust currency structure of foreign exchange reserve and realize its diversification. 同时要关注国际金融市场的变化,关注各主要储备货币的汇率走势,适时地调整外汇储备的币种结构,实现储备货币的多元化。
And empirical analysis shows the increase of the elasticity of exchange rate can release the influence of the foreign exchange reserve on exchange rate. 实证分析还显示汇率弹性的增大会使我国外汇储备受汇率牵制的程度有所缓解。
The research on the policy of interest rate and the situation of foreign exchange rate in the main countries 主要国家利率政策和汇率走势分析
In accordance with the rate change of foreign exchange, the administration strategy should go to deal with the risks likely caused by raised foreign currency. 对于筹集外资带来的风险,应从预测汇率变动的趋势入手,制定外汇风险管理战略。
Before the return to GATT, we should establish unified and perfect foreign exchange market and also establish the exchange rate forming mechanism of the foreign exchange market; 入关前后着力构造统一健全的外汇市场,建立外汇市场汇率形成机制;
, When two countries 'exchange rate are negatively correlated, two countries are the complementary economy, Developing countries can regard exchange rate as the means of adjusting the foreign exchange market, create better condition and attract FDI. 当两国汇率负相关时,两国为互补型经济,发展中国家可以以汇率为手段调节外汇市场,创造出更好的条件吸引FDI。
Supervision of international speculative capital must be strengthened. In practice, policies and measures such as taxation, arrangement of exchange rate and management of foreign exchange, foreign debt can be taken into consideration. 可考虑利用税收手段、汇率安排、外汇外债管理等政策和措施加强对国际投机资本的监管。
It shows, from purchasing power appraisal, interest rate appraisal, condition of foreign exchange demand and supply and analysis of the government intervention, that there's no need to devalue RMB and there's no devaluation pressure. 并且,通过对购买力平价、利率平价、外汇供求状况以及政府干预的分析也表明,人民币不仅没有必要贬值,而且也不存在大的贬值压力。
Especially after we entered into WTO in 2001, China keep enjoying surplus balance of both current account and capital account, which led to a 40% annual growth rate of foreign exchange reserves. 尤其是2001年我国加入WTO之后,我国连续维持着高额的经常项目和资本项目双顺差,使我国的外汇储备以每年40%左右的速度大幅增长。
In the global supply chain, the Capital flow must to go through the foreign exchange market, the multinational enterprise in global supply chain had face risks due to the rate fluctuations of foreign exchange market. 在跨国供应链中,资金的流动要经过外汇市场,由于外汇市场上汇率的波动,给跨国供应链中的企业带来风险。
Exchange rate is the price of foreign exchange dealing, whose essence is the ratio of two different currencies. 汇率即外汇买卖的价格,其本质是两个国家货币之间的交换比率。
The contributions of this article are mainly embodied in the methodology innovation. 1. Combine the exchange rate decision theory and the theory of foreign exchange market intervention, and analyze the need for intervention in the foreign exchange market as well as the channel. 2. 论文的创新主要表现在以下几个方面:1、结合了汇率决定理论和外汇市场干预理论,全面分析了汇率波动条件下外汇市场干预的必要性以及外汇市场干预的影响渠道。
This paper summarizes all the possible channels and consequences of undervalued RMB exchange rate and the large amount of foreign exchange reserve on CPI. 本文总结了所有可能的传导机制以及汇率低估和外汇储备过多对国内通货膨胀可能产生的影响。
From 2001, the growth rate of the foreign exchange reserves kept more than 30% all long. 从2001年开始,外汇储备增长率始终保持在30%以上。
In fact, different exchange rate regimes correspond with different methods of foreign exchange intervention. 事实上,不同的汇率管理机制就对应着不同的干预方式和水平。
Starting in 1994, Chinese foreign exchange reserve is steadily increasing since the reformation of foreign exchange management system. At the present time, China has the largest scale and the highest growth rate of foreign exchange reserves in the world. 自1994年汇改以来,中国外汇储备一直持续、快速增长,目前,我国已是全球官方外汇储备规模最大、增长最快的国家。
In recent years, CPI of China has grown at an unacceptable speed, which is partly due to the undervalued RMB exchange rate and the large amount of foreign exchange reserve held by its central bank. 近年来,我国CPI迅速上涨,其中一个原因是人民币汇率低估、央行持有大量外汇储备。
Therefore, how to decide the exchange rate is the most essential part of Foreign Exchange Rate Theory, and a hot topic for academic research during centuries. 几个世纪以来汇率决定理论一直是外汇理论的核心,也是国际学术界最为重要的学术领域之一。