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利率变化对汇率影响的再研究
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作者 马杰 刘利亚 《中国货币市场》 2002年第4期37-39,共3页
从资本市场套利的角度来看,汇率与利率之间存在着天然的联系。但是,利率变化对汇率的影响是不确定的。要深入判断汇率如何变化,关键在于区分利率变化的原因,分清是实质性经济因素,还是货币性因素在起作用,找出驱动利率变化的本源动力。... 从资本市场套利的角度来看,汇率与利率之间存在着天然的联系。但是,利率变化对汇率的影响是不确定的。要深入判断汇率如何变化,关键在于区分利率变化的原因,分清是实质性经济因素,还是货币性因素在起作用,找出驱动利率变化的本源动力。只有这样,才能透过现象看本质,准确地判断出利率变动时外汇市场的反应。 展开更多
关键词 利率 利率评价 货币政策 财政政策 通货膨胀率 汇率
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中美利率——汇率动态效应研究:理论与实证——基于非抛补利率平价模型
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作者 刘菊 《商情》 2014年第43期38-38,共1页
传统利率平价理论是国际金融学的基本理论之一,其平价方程式所包含的利率和汇率,作为政府当局调控宏观经济的两个有力工具和中央银行货币政策的主要手段,在运用和传导过程中具有较强的联动制约关系。在开放经济条件下,两者相互影响... 传统利率平价理论是国际金融学的基本理论之一,其平价方程式所包含的利率和汇率,作为政府当局调控宏观经济的两个有力工具和中央银行货币政策的主要手段,在运用和传导过程中具有较强的联动制约关系。在开放经济条件下,两者相互影响、相互制约,对经济的内外均衡产生了重要影响。而且不可否认的是,尽管该简约型平价方程式形式简单,但在一定程度上却反映了国际资本高度流动下汇率决定的影响因素及外汇市场上汇率波动的特点,对一国宏观经济政策的制定具有重要的指导意义而深受各国政府及其智囊团体和相关学术界的广泛关注。 展开更多
关键词 汇率评价理论非抛补利率平价 动态效应 利率
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三元悖论的DD-AA模型分析 被引量:1
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作者 李莹 《云南财贸学院学报(经济管理版)》 2003年第5X期110-112,共3页
DD-AA模型是分析三元悖论的有效工具,而且它比IS—LM模型和MF模型更适合中国,但欲拟合中国的DD-AA曲线仍存在三点困难。在改进原模型的基础上,建立了适合中国的DD-AA模型,随后利用模型分析了三元悖论的存在性并提出政策建议。
关键词 IS-LM模型 MF模型 无抵补利率评价 三元悖论
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人民币汇率的决定因素及其走势分析
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作者 李金旺 《商丘师范学院学报》 CAS 2006年第6期116-118,共3页
通过对人民币购买力评价、利率评价、国际收支等分析,可以得出以下结论:人民币汇率应尽快从钉住美元的政策调整到钉住一篮子货币的政策;利率市场化是一种趋势,但需要稳步进行,这样可以使利率和汇率一致有效;中国政府制定吸引外资的政策... 通过对人民币购买力评价、利率评价、国际收支等分析,可以得出以下结论:人民币汇率应尽快从钉住美元的政策调整到钉住一篮子货币的政策;利率市场化是一种趋势,但需要稳步进行,这样可以使利率和汇率一致有效;中国政府制定吸引外资的政策法规时,应考虑到外资对中国经济增长的可持续性的影响。在深化经济结构调整,改善经济结构、需求结构的基础上,放松资本管制;我国应放弃出口创汇,追求顺差的传统观念和做法,放松对海外投资的管制并维持外汇储备的适度规模,以国际收支平衡为目标,这对中国经济发展是有利的;实行浮动汇率制,放开资本管制,保持独立的货币政策,是大国经济发展的必然选择。 展开更多
关键词 购买力评价 利率评价 国际收支 汇率 资本管制 通货膨胀
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Research on Evaluation and Optimization of Regional Land Use Structure Efficiency 被引量:1
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作者 张群 《Agricultural Science & Technology》 CAS 2016年第7期1749-1752,共4页
[Objective] The purpose of this study is to judge the rationality of land use structure from new perspectives and method. [Method] The theory of data en- velopment analysis (DEA) has been employed in this article. A... [Objective] The purpose of this study is to judge the rationality of land use structure from new perspectives and method. [Method] The theory of data en- velopment analysis (DEA) has been employed in this article. A case study of evalu- ation of land use structure for Wujin district in 2012 is provided to illustrate the ap- plication of this research model. At the micro perspective, land use efficiency has been analyzed by use of data envelopment analysis model. The optimization and adjustment direction in land use structure has been pointed out from the view point of land use efficiency. [Result] The result has shown that the research method based on information entropy and data envelopment analysis model can effectively overcome the drawback of traditional evaluation techniques. Compared with the tra- ditional methods, the new optimization model based on a structure of the multi-crite- ria factors and objective weighting method can evaluate the rationality of land use structure more comprehensively. 展开更多
关键词 Evaluation for efficiency Land use structure Data Envelopment Analysis
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Assessment of Resource-Use Efficiency in Irrigated Rice Production in Dadinkowa, Gombe State, Nigeria
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作者 Suleiman Mohammed Nasiru Abubakar +1 位作者 John E.Ochi Usman Haruna 《Journal of Agricultural Science and Technology(B)》 2014年第6期427-433,共7页
The study examined the levels of resource-use efficiency of rice farmers unde,r irrigation method in Dadinkowa, Gombe state of Nigeria. Using questionnaire, data were collected during the year 2010 irrigation season f... The study examined the levels of resource-use efficiency of rice farmers unde,r irrigation method in Dadinkowa, Gombe state of Nigeria. Using questionnaire, data were collected during the year 2010 irrigation season from 120 randomly sampled rice irrigators and the data were analyzed using multiple regression and marginal analyses. Results showed that significant factors influencing irrigated rice production were labour (P 〈 0.001), land and fertilizer (P 〈 0.01). In addition, the coefficient of determination (R2), the F-ratio and the standard error of the mean (S) were found to be 0.471, 16.37*** and 8.908, respectively. The results also indicated that efficiency values of land, seeds, fertilizer and labour were 1.234, 0.498, 2.352 and 1.620, respectively. Finally, it was found that resource-use among the farmers were not efficient thus equipment, land, fertilizer and labour inputs shall be increased by 78.3%, 18.9%, 57.5% and 38.3%, respectively, while seed input shall be reduced by 50.2% for the farmers to attain optimal resource utilization. 展开更多
关键词 EFFICIENCY resource-use irrigated rice Dadinkow Gombe
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Evaluation of Variable Rate Technology for Fertilizer Application in Permanent Pastures
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作者 J. M. Serrano J. M. Peca Shahidian 《Journal of Agricultural Science and Technology(A)》 2011年第4X期489-499,共11页
This paper describes the field tests carried out to evaluate the new Vicon RS-EDW centrifugal fertilizer spreader, to be used in Precision Agriculture. The results of initial dynamic calibration tests showed a signifi... This paper describes the field tests carried out to evaluate the new Vicon RS-EDW centrifugal fertilizer spreader, to be used in Precision Agriculture. The results of initial dynamic calibration tests showed a significant and systematic difference between the application rates of the two discs (about 20%). This difference had to be corrected by the manufacturer that carried out the necessary changes to the electric actuators. The fertilizer spreader had good distribution homogeneity, considering different working velocities and different positions in the parcel. The pattern distribution curve for 18% super phosphate fertilizer led to an effective working width of 28 meters, with a coefficient of variation of 15%. The longitudinal test, under experimental working conditions led to a machine delay time of 6-7 seconds. The results show an actual fertilization application density between 74%-90% of that determined for each location. These results confirm that the spreader can be used to spread fertilizer differentially in the field. 展开更多
关键词 Calibration centrifugal fertilizer spreader evaluation precision agriculture variable rate technology.
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Innovative Approach to Increase Name Plate Capacity of Oil and Gas Gathering Centre
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作者 Chirag Parikh Abdulaziz Al-Saeed Bader Mahmoud Raj iv Kukreja 《Journal of Energy and Power Engineering》 2015年第10期860-865,共6页
Purpose: The oil and gas gathering and processing facility of Kuwait Oil Company is built with a nameplate capacity of X MBOPD (thousand barrels oil per day) with 50% water cut. However, the facility was operating ... Purpose: The oil and gas gathering and processing facility of Kuwait Oil Company is built with a nameplate capacity of X MBOPD (thousand barrels oil per day) with 50% water cut. However, the facility was operating with a water cut of 35%. This comprehensive technical study was conducted to evaluate possibility of increasing oil processing capacity of this facility in line with current lower water cut and other operational flexibilities available in the facility without utilizing its design margin. Topic: This paper shares an innovative approach to increase name plate capacity of oil and gas processing facility utilizing available operational flexibility and operational margins with minor modification. It shares a case study where facility capacity is increased by around 19% without utilizing design margins of equipment or pipeline. Method: The study includes theoretical verification and analysis of all major equipment and piping to identify available capacity and limitation, in order to utilize available additional margin and to propose debottleneck options to overcome limitations. Achievement: The study confirmed that, facility name plate capacity can be revised from X MBOPD (with 50% w.c (water cut)) to X + 32 MBOPD (with: 45% w.c) minor modification in separator and utilizing margin available in feed specification ofdesalter trains. 展开更多
关键词 Debottlenecking capacity enhancement production.
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INTEREST RATE RISK PREMIUM AND EQUITY VALUATION
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作者 Srdjan D.STOJANOVIC 《Journal of Systems Science & Complexity》 SCIE EI CSCD 2010年第3期484-498,共15页
The authors employ the recent stochastic-control-based approach to financial mathematicsto solve a problem of determination of the risk premium for a stochastic interest rate model,andthe corresponding problem of equi... The authors employ the recent stochastic-control-based approach to financial mathematicsto solve a problem of determination of the risk premium for a stochastic interest rate model,andthe corresponding problem of equity valuation.The risk premium is determined explicitly,by meansof solving a corresponding partial differential equation (PDE),in two forms:one,time-dependent,corresponding to a finite time contract expiration,and the simpler version corresponding to perpetualcontracts.As stocks are perpetual contracts,when solving the problem of equity valuation,the latterform of the risk premium is used.By means of solving the general pricing PDE,an efficient equityvaluation method was developed that is a combination of some sophisticated explicit formulas,and anumerical procedure. 展开更多
关键词 Equity valuation incomplete markets interest rate risk neutral pricing risk premium.
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