债券市场发展研究中英文外文文献翻译2017

nd saving; reducing drastically all forms of investment, and particularly foreign direct investment (FDI). The study also found that savings constraint is a key impediment to domestic bond market development. Poor liquidity is causing financial market deepening, resulting in a low level of financial intermediation by the banks. The increasing of rates by the central bank is just an attempt to control inflation which has a strong bearing on bond prices. It is follows that a rise in the short-term interest rates prompts a subsequent increase in the long-term bond interest rates too. Р译文债券市场发展研究РBeck TedР引言这项研究评估了货币市场利率波动对津巴布韦固定收益证券市场的影响(布伦南施瓦兹,1979)。津巴布韦的政治不稳定和恶性通货膨胀的综合效应导致了其证券市场的不确定性,因此,也导致了其债券市场的不稳定(贝卡尔特和哈维,1997)。货币市场的短期利率指标,其波动性一直很大,在2006年3月,其年度波动率增长速度达到了850% (伯南克,格特勒和吉尔克里斯特,1996)。近期,比如,在