利率平价理论

经典理论认为，均衡汇率是指使宏观经济处于理想状态的汇率水平，包括购买力平价理论（purchasingpowerparity）、利率平价理论（interestrateparity）、汇率超调模型（overshootingmodel）等。

The thought of the classic , which includes the purchasing power parity theory ( PPP ), the interest rate parity theory , the overshooting model of exchange rate , etc. , argues that the EER is the level that macro-economy is in desired condition .

西方传统的汇率理论中影响最为广泛的主要有：购买力平价理论（ppp）、利率平价理论、国际收支理论和资产货币理论。

The Western tradition influence the exchange rate theory , the most widely used are : purchasing power parity theory , interest rate parity theory , the theory of international balance of payments and assets of the monetary theory .

研究结果表明：汇率形成机制改革之后，人民币NDF汇率符合利率平价理论，NDF汇率与境内即期汇率、境内外利率之间开始存在传导关系。

The results show that : the exchange rate formation mechanism reform , the RMB NDF exchange rate in line with the interest rate parity theory , NDF rate and the territory of the spot exchange rate , interest rates inside and outside the relationship between the existence of conduction .

第二节围绕利率平价理论展开了讨论。

The second section focuses on the Interest Rate Parity theory .

从利率平价理论看人民币汇率风险

Observe RMB Exchange Risk On The Basis Of Interest-Rate-Parity Theory

运用利率平价理论对主要货币汇率的分析

The Study on the Exchange Rate of Major Currency Based on Interest Rate Parity

从利率平价理论角度探讨人民币的汇率

A Discussion of Exchange Rate of RMB from the Perspective of Interest Rate Parity Theory

东亚金融一体化研究&基于实际利率平价理论的分析与探讨

Financial Integration of East Asia & Analysis and Discussion Based on the Real Interest Parity

东亚对外金融一体化：基于非抵补利率平价理论的实证研究

Outside Financial Integration of East Asia : An Empirical Analysis Based on the Theory of Uncovered Interest Rate Parity

经典汇率决定理论主要是指购买力平价理论和利率平价理论；

The classic exchange rate determination theory includes the theory of purchasing power parity and the theory of interest-rate parity .

利率平价理论着重于研究资本流动对一国货币汇率的影响。

Interest-Rate-Parity Theory emphasis on the analysis of the influence of the capital flow to a currency 's exchange rate .

根据利率平价理论可知，远期汇率是即期汇率的风向标。

From the interest rate parity theory , we know that , the forward rate is the " wind vane " of the spot exchange rate .

利率平价理论通过资金流动的角度描述了汇率和利率之间的关系，并常常被作为一种基本关系式而运用于其他汇率理论的分析中。

From the angle of the funds fluxion , Interest rate Parity Theory describes the relationship between interest rates and exchange rates , and often is applied to other exchange rate theory in the analysis .

文章阐述了利率平价理论在金融市场中的汇率决定机理，结合中国金融市场的开放进程，讨论利率平价理论在中国的应用。

In this paper , the interest rate parity theory is introduced and its application in the finance market of China is discussed based on the analysis of the opening course of the finance market .

文章分析了1982～2002年我国国际收支平衡表的结构特征，并对利率平价理论在我国的变形进行了解释。

This article analyses the structural characteristics of China 's statements of the balance of international payment between 1982 to 2002 , and interprets the deformation , in China , of the theory of interest rate parity .

在较长期限（一年），无论是境内银行间人民币远期外汇市场还是境外离岸人民币无本金交割远期市场基本上都不是以利率平价理论为定价基础，更多是受人民币长期升值的预期影响。

In the longer term ( one-year term ), whether the forward foreign exchange markets in domestic or offshore are not based on interest rate parity theory , but influenced by the expectation of the appreciation of RMB .

利率平价理论基本思想是，当本国利率低于外国时，投资者为获得较高收益，会将其资本从本国转移到外国，以套取利息差额。

Its means when domestic interest rate is less than a foreign country , in order to seek higher returns , investors will transfer their capital from native to abroad to obtain profit caused by different interest rates .

虽然利率平价理论还存在一定的局限性，但在一定程度上说明了国际资本高速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。

Although there are still certain limitations in the interest-rate parity theory , it also illustrates the determinants of exchange rate to a certain extent in the situation of the rapid flow of international capital and the characteristics of the volatility of the exchange rate in the foreign exchange market .

在介绍了抛补利率平价和未抛补利率平价理论之后，也对人民币汇率进行了实证分析，同样得出了利率平价对汇率变动的解释能力较差的结论。

After explaining the covered and uncovered Interest Rate Parity theory , the author uses them to examine the RMB ' exchange rate again , and come to a conclusion as the same as the previous PPP theory .

西方许多年前就有学者，对该理论的实用性进行验证，从而分析出利率和汇率之间的传导过程，但对于利率平价理论在不同国家成立与否得出不同结论。

As a fundamental tool Western scholars have verified the practicality of the theory . , but the interest rate parity theory which set up in different countries come to different conclusions .