The Inter-Bank Market

An Analysis on Regime-Switching of Interest Rate in the Inter-Bank Market of China

中国银行间同业拆借市场利率结构转换研究

Analyzing repo rates in the inter-bank market with essential affine models

银行间市场回购利率变化的利率模型解释

Foreign banks should be allowed to trade corporate bonds and ABS in the inter-bank market .

外国银行需被允许在银行间市场上从事公司债券和资产支持证券的交易。

Third , revive the inter-bank market with temporary guarantees .

第三，通过提供暂时担保，激活银行间同业拆借市场。

The inter-bank market bond repurchase rate in our country to play the part of the benchmark rate function .

银行间市场债券回购利率在我国发挥着部分基准利率的功能。

As for the inter-bank market , three dimensions including scale , efficiency and quality are adopted ; correspondingly , asset indicators , efficiency indicators and non-performing loans indicators are taken respectively .

银行间市场的描述我们从规模、效率、质量三个维度来考察，分别采用了资产指标、效率指标、不良贷款指标来衡量。

Compared to the inter-bank market , the exchange bond market has been marginalized for the lower-leveled bond issuance , bond trading volume , bond products , and the structure of investors .

相对于银行间市场，交易所债券市场一直处于边缘化状态，在债券发行、债券成交量、债券品种、投资者结构上都与银行间市场有着差距。

Research on Debt Finance of Non-financial Enterprises in the Inter-bank Bond Market

银行间债券市场非金融企业债务融资研究

As a result , the inter-bank money market has been inundated with liquidity .

其结果是，金融市场流动性泛滥。

Regulate and supervise the inter-bank lending market and the inter-bank bond market ;

监督管理银行间同业拆借市场和银行间债券市场；

Analyzing in terms of whether microcosmic or macroscopic , the inter-bank bond market all play an important role in national economic development .

无论是从微观角度还是从宏观角度分析，银行间债券市场都在国民经济发展中起着重要的作用。

The inter-bank bond market was established in June of 1997 , it is the important component of the money market and the national debt market .

银行间债券市场成立于1997年6月，是我国货币市场和国债市场的重要组成部分。

The inter-bank securities market will be further expanded , and the business related to stock mortgage loans will be regularized .

要进一步扩大银行间债券市场，规范股票抵押贷款业务；

The inter-bank money market is the main place for the financial institutes such as commercial banks to adjust and finance the short-term liquidity requirements .

银行间货币市场是商业银行等金融机构调节短期流动性，进行短期资金配置的主要场所。

China 's bond market includes the inter-bank bond market , the exchange bond market and the commercial bank bar bond markets as the major three sub-markets .

中国债券市场包括银行间债券市场、交易所债券市场和商业银行柜台债券市场三个子市场。

It also came amid signs that liquidity has recently evaporated from parts of the European inter-bank market , pushing overnight borrowing rates sharply higher .

这项举措出台之际，还有迹象表明，欧洲银行间市场某些领域的流动性最近已明显下降，推动隔夜借款利率大幅上阳。

Therefore , in a short few years time , the inter-bank bond market has been across the system from Bilateral Quotations Maker Rule to Market-maker Rule .

所以，中国银行间债券市场在短短几年时间内完成了由双边报价制度到做市商制度的跨越，并且在不断的探索和借鉴过程中逐步趋于完善和成熟。

Participants in the inter-bank bond market have their purchased bonds settled in DVP terms via their bond custodian accounts in the Bookkeeping System .

参与者通过其在簿记系统的债券托管账户办理券款对付的债券结算。

The crucial inter-bank market will remain frozen until the banks are forced , under threat of prosecution , to reveal the true extent of their sub-prime liabilities .

在会被起诉的威胁下，银行不得不譬如刺激债务的真实状况，若非迫不得已，主要银行间拆解市场仍将被冻结。

Our paper firstly selects corporate bonds that are publicly issued from the inter-bank bond market and bond exchange market in recent years , then discussing the underpricing model referring to the underpricing methods of scholars abroad with combining with the curent situation of corporate bond market in our country .

论文选取近几年我国银行间债券市场与交易所债券市场发行上市的企业债券，参照国外学者定义抑价方法，结合我国企业债券市场，对抑价模型进行分析研究。

An enterprise annuity fund established according to law may enter into the national inter-bank bond market to engage in such businesses as bond investment , etc.

依法设立的企业年金基金可进入全国银行间债券市场从事债券投资等业务。

I.Asset-backed securities which are traded and circulated in the National Inter-Bank Bond Market upon the approval of the People 's Bank of China may be used for pledge-style repo transactions .

经中国人民银行批准在全国银行间债券市场交易流通的资产支持证券可用于质押式回购交易。

Age is a significant factor to the decision of inter-bank market liquidity , the empirical data support the basic bond age of liquidity the negative effects of assumptions , but it not exist significant negative correlation of age on the exchange bond market with liquidity .

年龄是银行间市场流动性决定的显著因素，存在负相关关系，实证数据基本支持债券年龄的流动性负效应假设，但是年龄对流动性的影响效果会受到经济环境波动的干扰。

It is pointed out from both tools and environment sides , that all these elements like un-sufficient national debt , structural deficiency , the un-matured inter-bank debt market and the un-market-controlled interest rate are preventing the proper development of our Open Market Business .

从工具和环境两个角度入手，指出我国国债数量不足、结构不佳、银行间债券市场发育不成熟以及利率尚未实行市场化等现实条件制约了我国公开市场操作的发展完善。

As the development of inter-bank bond market and continued expansion of the scale of the market system , it provides a solid foundation to found Market-maker Rule , Coupled with Market-maker Rule can enhance market liquidity and transaction quality .

由于银行间债券市场的发展和市场规模的不断扩大为实行做市商制度提供了坚实的市场基础，加之做市商制度又能强化市场流动性和交易质量。

Therefore , we should use for reference the experience of the inter-bank market , substitute the account settlement system for the seat coalition system , continuously improve the repurchase pledge proportion system in finance , and enhance the transparency of the market .

因此，应借鉴银行间市场经验，以账户清算制取代席位联合制，并继续完善融资回购质押比例制度，提高国债市场透明度。

About the repurchase transactions , the inter-bank market get the best liquidity .

而银行间市场回购交易流动性最高。

The seven-day rate in the inter-bank market is the closest thing China has to a genuine market rate .

7天回购利率是中国市场上最接近真正的市场利率的指标。

The essay analyses the Chinese inter-bank foreign exchange market with the Structure-Conduct-Performance Paradigm ( SCP Paradigm ), which is the classical method of the theory of industrial organization .

通过运用产业组织理论的SCP分析范式对我国的银行间外汇市场的市场结构、行为和绩效的特征进行了分析。

Further , the acute liquidity problems in the inter-bank lending market seem to have been alleviated , even as the sell-off of stocks has gathered pace .

另外，尽管股票抛售愈演愈烈，但银行间同业拆借市场中严峻的流动性问题似乎已有所缓解。