The quicken of interest rate marketization, the implementation of difference deposited reserve rate system by Central Bank, and the classification supervision to the Urban Commercial Banks by supervision department, the comprehensive function of these external factors make Urban Commercial Banks, which have fallen into a very heavy awkward predicament.3, Countermeasures and suggestions of promoting Urban Commercial Bank healthy developmentUnder so severe situation, if you want to really solve the existence and development problems that the Urban Commercial Banks facing, helping them out of plight, promoting them healthy development, which not only need their own efforts, such as improving stock right structure, strengthening internal management mechanism building, perfecting the risk control system, insisting business products innovation, exploiting market constantly, developing jointly through the business cooperation and annex recombination, etc; but also need close cooperation of local government and supervision department, less intervention, more support, making great efforts to build a fair and suitable external environment for the Urban Commercial Banks by setting up deposit insurance institution, establishing the capital clear system between the Urban Commercial Banks, founding the Urban Commercial Banks stock right trade market, etc, to further remedy the deficiency in the business management of the Urban Commercial Banks from institution, turn back their inferior situation in market competition, and make the Urban Commercial B
促进城市商业银行健康发展的对策建议在如此严峻的形势下，要想真正解决我国城市商业银行所面临的生存发展问题，帮助其走出困境，促进其健康发展不仅需要城市商业银行的自身努力：坚持不懈地致力于完善股权结构、加强内控机制建设、健全风险防范体系、坚持业务产品创新、不断开拓市场，通过业务合作、兼并重组等方式联合发展；还需要地方政府和监管部门的密切配合，少一些干预，多一点支持，通过建立存款保险制度、成立城市商业银行间的资会清算系统、设立城市商业银行的股权交易市场等途径，努力为城市商业银行营造一个公平适宜的外部环境，进而从制度上弥补城市商业银行在业务经营中的不足，扭转其在市场竞争中的劣势处境，使城市商业银行能够得以健康的发展。
According to discount, the cheap cost of electronic money will cause market balanced interest rate to drop constantly for a long time, so it will reduce the function space of the fund price of Central Bank.
电子货币的跨国使用使得一国的货币政策已很难隔开其他国家经济与政策的影响，因而中央银行在测定电子货币量和执行货币政策时将不得不与相关国家进行相关政策的协调。
In this paper, it was supposed that the riskless interest rate, the volatility rate and the stock dividend rate are time function. By the self-financing strategy and Ito formula of fractional Brownian motion, the general Black-Scholes partial differential equations for European claim and pricing formula for European option are obtained.
在假定无风险利率、股票波动率以及股票红利率都为时间t的函数，利用金融市场复制策略及分数布朗运动的It公式，得到欧式未定权益的一般B lack-Scholes偏微分方程，并通过求解偏微分方程获得欧式期权定价公式。
It is important key that these factor`s relative of cycle will be changed the economic system of bulk Carrier Shipping industry. This paper of structure is three parts about the seasonality, periodicity and relative. First, we adapt the X11 seasonal analysis to decompose factors of Trend and Cyclical, Seasonal Variation, Irregular Variation. In this part, we discovered the average spot earnings to be seasonality. Second, Hodrick-Prescott filter and Band-Pass filter reveal that four cycles in the researched period, and the bulk Carrier Shipping industry average cycle is 52.7 months/cycle (about 4.4 years). Finally, we use Granger Causality test and Cross-correlation function to catch at the cause and result about the average spot earnings between five factors. We has found the average spot earnings with new-build ship price and second hand ship price that exists in causality. About interest rate and foreign exchange rate, they have no relationship with average spot earnings. However, bunker price has negative correlation with average spot earnings. It indicates that bunker price rises and average spot earnings will be decreased.
研究架构以影响因素之季节性、周期性及关联性为主，首先季节性分析利用X11将变数之时间序列，分解成长期趋势循环、季节变动及不规则变动三种变动因子，发现海岬型平均营收存在明显之季节性；再者，以频谱分析（Hodrick-Prescott filter、Band-Pass filter）获得营运影响因素之循环序列及趋势序列，显示研究期间一共出现了四个周期，散装海运周期为平均为52.7个月（4.4年）；最后运用Granger因果关系检定与交叉相关函数，进一步了解影响平均营收与各因素之领先或落后关系，研究结果证实平均营收对於新船船价与二手船价存在因果关系，且平均营收为新船船价及二手船价之领先指标，而平均营收对於利率及汇率之影响不大，另外平均营收与燃油价格呈现中度负相关，表示燃油价格上涨，会导致营收收入降低，希冀本研究实证结果能提供散装海运相关业者制订营运决策，以避免营运损失之风险。
Based on the repurchasing rate of government bonds in the Shanghai stock market, the nonparametric term structure model of interest rates has be en estimated by using four different kernel functions: the Gauss kernel function, the Epanechnikov kernel function, a quartic kernel function and a six-power kernel function.
给出了用非参数方法估计利率期限结构的过程，并以上海证券交易所的国债回购利率数据为样本，采用4种不同核函数：高斯核、抛物线核、四次方核和六次方核对利率期限结构模型进行估计。
It is noticed that Chinese Central Bank has attached more importance to the function of open market operation in adjusting interest rate. The central bank, which buys and sells securities in capital market and signals the trend of interest...
市场已注意到，央行越来越注重发挥公开市场业务引导利率的作用，其在金融市场上对有价证券等的公开买卖，向市场发出利率走向的信号，其干预市场利率的意图越来越明显。
It is probably too early to believe that the dollar`s movements are once again a function of interest rate differentials but it is a taste of things to come.
若说美元走势与息差之间的关联性重回正面，现在仍属言之尚早，但这将会是未来的趋势。
The paper prices bond and bond option, analyzing dynamic interest rate, regime-switching and option pricing. According to the affection of regime-switching to interest rate derivative pricing, the paper deduces the partial differential equation of bond pricing with Ito lemma, and obtains characteristic function and recursion equation of bond option.
从利率动态变化、结构转换和期权定价三个方面进行分析，对结构转换下的债券和债券期权进行定价，考虑了结构转换对利率衍生物定价的影响，利用Ito引理获得债券定价的偏微分方程，并得到债券期权定价的特征函数与递归等式。
The article analyses the necessity and feasibility of interest rate swap to China s commercial banks and its function on risk-avoiding.
本文探讨了我国商业银行开展利率互换业务的必要性和可行性，以及如何用之来规避风险。
However, valuation of bond with implied function in the equation, which is called the risk market price of interest rate, is known as the model of bond pricing.
但是在债券定价的方程中隐含有一个参数称为利率风险的市场价格。
The money demand is a function that describes the amount of money that is demanded in the economy at every interest rate level.
货币需求是一个描述经济体中在每个利率水平下的货币需求量的函数。
The review part also includes: the review of preference function, risks and application of VaR and interest rate models, etc.
在论文的综述部分还包括：金融产品的偏好度模型、风险和VaR方法的应用、利率模型等。
Interest rate is as the price of money and has an important role in regulating the allocation of financial resources, but this function need a more developed financial market as a support.
利率作为货币的价格，在调节金融资源配置方面具有重要的作用，但利率的这种功能的有效发挥需较发达的金融市场作为支撑。
As the gradual development of Chinese bond market, public debt has shown its financial function, however, it can't be fully exerted because of the absence of basic institutions in the market such as free float of interest rate.
随着国债市场在我国的逐步发展，国债的金融功能也不断显现，但由于市场基础制度如利率市场化等条件还不具备，使国债的金融功能的发挥受到了限制。
Investment is a function of the interest rate.
投资随着利率的变化而变。
In the model of ISLM, we redraw the fiscal multiplier function, denoting that crowd-out effect anti-acts the multiplier effect, due to the rate of interest. A Study on FDI's Crowd - out Effect on China's Domestic Investment
首先在ISLM模型中，重新推导了财政支出乘数，指出由于利率的影响，挤出效应减弱了乘数效应。外国直接投资对我国国内投资挤出效应研究
By all appearances, if these theories could not explain the determination mechanism of interest rate in yield field and the function mechanism of interest rate influencing economy development, then the validity of interest rate policies working out according to these theories was very dubitable.
显然，如果我们不清楚利率在生产领域中的决定机制及利率对生产领域进而对经济发展的作用机理的话，那么依据这样的理论而制定的利率政策的有效性就非常值得怀疑的了。
In this paper, according to the data of treasury bond and callable bond in the market of Shanghai Securities Exchanges, the interest rate term structure curve is estimated with a certain specific data through choosing different splint function.
本文通过选取不同的样条函数，对某个特定日期国债所隐含的利率期限结构曲线进行回归估计。
Reflected Brownian motion is used to construct the model of random interest rate. We define the critical death rate of risk function and analyze the adventure of life insurance, hence provide the insurance company with method.
随机利率采用反射Brownian运动建模，通过风险函数的临界点，对保险经营中盈亏风险进行系统分析，为保险公司决策提供了方法和理论依据。
Based on estimating the long-term and short-term money demand function with the technology of cointegration and error correction, we find that the condition that high elasticity of income and low elasticity of interest rate to money demand in our country has not changed.
在利用协整和误差校正技术估计我国长期和短期货币需求函数的基础上发现我国货币需求的高收入低利率弹性状况还是没有改变。