术语“银行券”的详细信息

英译术语:

bank note

汉语语境:

近代中国政府公债的发行开辟了政府动员国民储蓄的新时代，也为资本市场的发展提供了契机。事实上，公债已经在一定程度上介入了当时的金融市场，成为银行券的发行准备、储蓄存款的保证、银行放款的抵押品、金融业的投资筹码以及维护经济稳定的筹码；公债的交易也推动了近代中国证券市场的发展。然而，经济学家通过计量分析发现：利率对公债价格没有解释力。这说明政府公债还没有完全与金融市场融为一体，公债价格应该还受到很多非市场因素的影响或制约。

英语语境:

In modern China, the issue of government bonds opened up a new era of national savings mobilized by governments, and provided an opportunity to capital market development. In fact, the bonds have interfered financial market to a certain extent, being the issue reserve of bank notes, the security of deposits, the collateral for bank loans, investment chips in financial industry and the chips of maintaining economic stability. The bond transactions also promoted the development of stock market of modern China. However, by econometric analysis, the economists conclude that the interest rate could not provide a sound explanation for bond prices, implying that government bonds had not been completely integrated into financial market and bond prices might be affected or restricted by many non-market factors.