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capital flight

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capital flight 資金外逃。

資金外逃。 “capital“ 中文翻譯：   n. 【建筑】柱頭。 “flight“ 中文翻譯：   n. 1.潰逃，逃走。 2.(資金等的)外逃。 短語和例 ...“flight capital“ 中文翻譯：   外逃資本“flight of capital“ 中文翻譯：   抽逃資金; 資本逃避, 資金逃避“crime of flight of capital contribution“ 中文翻譯：   抽逃出資罪“be on a flight“ 中文翻譯：   飛行“flight“ 中文翻譯：   n. 1.飛行，飛翔；(鷹對獵物的)追趕。 2.(候鳥等的)遷徙；飛行的一群。 3.(光陰)飛逝。 4.(思想等的)飛躍，奔放，(才智等的)煥發。 5.航程，飛行距離；飛翔力；定期客機，班機；搭機航行。 6.(階梯的)一段，樓梯；【體育】(跳欄的)一組跨欄；(箭等的)連發，齊發。 7.射遠競賽。 8.飛行小隊。 air patrol flight 空中巡邏飛行。 circular [circuitous] flight 回旋飛行，圓圈飛行。 cosmic [space] flight 宇宙[太空]飛行。 dipping flight 俯沖飛行。 horizontal [level] flight 水平飛行。 interplanetary [interstellar] flight 星際航行。 inverted flight 倒飛。 longdistance flight 長距離飛行。 manned space flight 載人太空飛行。 night [nocturnal] flight 夜間飛行。 nonstop flight 不著陸飛行。 round-the-world flight 環球飛行。 soaring flight 滑翔飛行。 trick flight 特技飛行。 a flight of swallows 一群飛燕。 a flight of ambition 野心勃勃。 a flight of fancy 奇想，想入非非。 in the first flight 〔口語〕占首位；領先。 make [take] a flight 飛行；飛翔。 a flight of stairs 一段樓梯。 the flight of time 光陰流逝，時光荏苒。 wing a [one's] flight 飛行。 vt. 射擊(飛鳥)；使(鳥)驚起。 vi. (鳥)成群飛翔；(候鳥)遷徙。 adj. -less 不能飛行的。 n. 1.潰逃，逃走。 2.(資金等的)外逃。 flight of capital 資金外流。 put [turn] to flight 迫使潰逃。 seek safety in flight 溜之大吉。 take (to) flight ＝ betake oneself to flight 逃之夭夭。 n. -ism 逃跑主義。 “flight no“ 中文翻譯：   航班號“in flight“ 中文翻譯：   飛馬行空; 飛行中“in-flight“ 中文翻譯：   adj. 飛行中的。 in-flight movies 飛機上放映的電影。 “on a flight“ 中文翻譯：   在飛行中; 在航班上“on flight“ 中文翻譯：   乘…航班“on the flight“ 中文翻譯：   飛機飛行中“on-flight“ 中文翻譯：   第一騰空“a capital“ 中文翻譯：   首都報“and capital“ 中文翻譯：   價值與資本“capital“ 中文翻譯：   adj. 1.首位的，最重要的，主要的，基本的，根本的。 2.〔口語〕優秀的，上好的，第一流的。 3.大寫(字母)的。 4.應處死刑的；致命的。 5.資本的。 C-! 好極了! capital city 首都。 capital construction 基本建設。 capital crime 死罪。 capital letter 大寫。 capital punishment 死刑。 capital ship 主力艦。 n. 1.首都；首府。 2.大寫(字母)。 3.資本；基金；股款，本錢；資源；資方，資產階級。 circulating [floating] capital流動資本。 financial capital金融資本。 fixed capital固定資本。 foreign capital外資。 working capital周轉資本。 the relations between labour and capital勞資關系。 capitaland interest 本金和利息。 make capital (out) of 利用，從中取利[撈一把]。 n. 【建筑】柱頭。 “capital a“ 中文翻譯：   首都報“capital(capital goods capital equipment“ 中文翻譯：   資本資本商品“direct flight, straight flight“ 中文翻譯：   直飛“flight-path-reference flight“ 中文翻譯：   按航道基準線飛行“instrument flight ; blind flight“ 中文翻譯：   儀表飛行“visual flight rules flight“ 中文翻譯：   目視飛行“capital (or share capital) premium“ 中文翻譯：   資本（或股本）溢價“capital (provincial capital)“ 中文翻譯：   省會

capital goods

In recent years , capital flight has been increasing in scales in china , seriously threatening the security and growth of the national economy ; hereby the thesis is going to study the china ' s capital flight . further positive study of the paper shows its transmission mechanism concludes the trends of capital flight in china is worth attach more importance , a pre - alarm and quick - response system should be established 本文在對中國資本外逃的概念、方式、規模進行系統闡述以后，選擇以資本外逃動因，資本外逃效應和資本管制為新的研究視角，結合資產組合理論與效用函數，分析資本外逃的動機與危害性，并在中國現有制度框架下給出了一系列應對措施。

However , the increasing capital flights demonstrate the declining effectiveness of capital controls , further more , china ' s accession of wto will push the process of capital account liberalization . although chinese monetary authority can control the process of capital account liberalization , in the long run , undoubtedly , rmb will become convertible under capital account ; then the current dollar pegging will be not sustainable 但是， 1997年后資本外逃的穩定上升說明資本管制的有效性在下降，而且，中國加入世界貿易組織又客觀地加速了人民幣資本項目可兌換的進程；從長遠來看，資本帳戶的開放是必然的；那么，事實上的釘住美元制將是不可持續的。

In accordance with actual conditions of china , this dissertation modifies the related evaluation models on the basis of comparing three main methods for evaluating capital flight , namely direct evaluation , indirect evaluation and mixed evaluation . according to modified model , the dissertation estimates the scale of capital flight of china . and by comparing the volume with that of mexico , russia and korea , which were at serious situation of capital flight in the past , it is discovered that the proportion of 本文在對國內外資本外逃規模測算的三種主要方法:直接測算法、間接測算法與混合測算法進行比較分析的基礎上,根據中國的實際情況,對相關模型進行了修正,依據修正后的模型對中國資本外逃規模分別進行了直接測量調整與間接測量調整后的大致估算,取中國資本外逃三種估計額(直接測量調整的“游資2 ”調整與“游資3 ”調整,以及間接測量調整)的算術平均值作為中國資本外逃的平均估計值,并與墨西哥、俄羅斯和韓國等資本外逃曾經非常嚴重的國家進行比較。

It is estimated by the author that during 1988 - 2005 the total capital flight was accumulated to 283 . 545 billion us dollars , with an average scale of 15 . 752 billion us dollars per year , whereas the total utility of foreign capital in the corresponding period is 6117 . 41 us dollars . in the 18 years the fled capital occupies 46 . 35 % of the total actual utility of foreign capital in our country . capital flight has become a huge hidden trouble for the development of chinese economy 上世紀90年代以來中國一直存在規模巨大的資本外逃,根據本文估測結果, 1988 - 2005年間累計外逃額達到2835 . 45億美元,平均每年外逃規模為157 . 52億美元,而同期我國累計實際利用外資額為6117 . 41美元, 18年中資本外逃額占到我國實際利用外資額的46 . 35 % ,資本外逃問題已成為中國經濟發展的一大隱患,也引起了相關政府機構以及理論學界的關注和研究。

However , from other economic variables , such as exchange rate , interest rate and inflation rate , exp capital flight , we can easily see that underground currency substitution is existed . therefore , we can resort to the stable macroeconomic polices , esp liberation of interest rate , to avoid side - effects of currency substitution 于是，研究我國貨幣替代的相關情況及政策，對于我們在逐步放松資本管制的條件下，降低貨幣替代對國內經濟的不利影響，具有非常重要的實踐意義，這也正是本文第五章所著重分析的問題。

Add to this the strong fiscal stimulus that is part of china ' s growth strategy , and it is almost certain that domestic and external debt levels will grow sharply as the country adjusts to new trade patterns , capital flight , and the absorption by the government of problem portfolios in the banks 再加上中國發展戰略的組成部分- -強大的財政刺激，當中國進行調整以適應新的貿易格局、資本外逃，以及政府將有問題的有價證券吸收入銀行時，幾乎可以肯定中國的內外債務水平將迅速增長。

Capital flight has become a global matter since 1980 ' s . massive fleeing capital brought about the debt and financial crisis as in mexico , southeast asia , south korea , russia , which in turn further worsened the crisis , expanding the crisis scope , causing the huge damage to those countries ’ economy . consequently , more and more attention has been paid to capital flight by every country 上個世紀八十年代以來,資本外逃成為了一個全球性的問題,大量的資本外逃曾引發墨西哥、東南亞、韓國、俄羅斯等國家(地區)發生債務和金融危機,在危機過程中的資本外逃又進一步加深了金融危機的程度,擴大了危機的范圍,對危機國家經濟造成了巨大危害。

Therefore , it is of practical significance to the security of chinese financial system as well as the stable development of chinese economy to analyze theoretically the reasons , the channels as well as the influence of capital flight in china in the light of chinese economy development and the money market ’ s situation , and to propose pertinent policy suggestion 因此,結合中國經濟發展和金融市場的實際情況,從理論角度分析中國資本外逃的成因、渠道以及影響,針對中國資本外逃現象提出政策性建議對中國金融體系安全、我國經濟的穩定發展有著重要的現實意義。

Under the guide of economic theory , this thesis adopts the method of combining theoretical and positive analysis , together with sysetmatic and comparative analysis . i have referred to a large number of demostrational materials and given a study of civil capital flight connecting theory with pratice 本章結合各種類型資本外逃的不同特點，對中國資本外逃的規模給予了介紹，進行了測算，指出了其危害，并著重分析了中國資本外逃問題產生的主要渠道和主要原因。

Capital flight is seen most commonly in massive foreign capital outflows from a specific country , often at times of currency instability . sometimes specifically refers to the movement of money from investments in one country to another in order to avoid country - specific or in search of higher returns 資本外逃是國內資本出于規避政治風險或經濟風險的考慮，逃避正常監管，通過各種非正常或非法方式轉移到國外以獲取外國資產或貨幣的經濟行為。

China , the greatest developing country , is now shunting from planned economy to market economy , a great deal of capital has fled abroad while we absorb lots of foreign capital . in fact , capital flight has drawn much attention from the government and the civil academic area 中國作為一個正從計劃經濟向市場經濟轉軌的發展中國家，在大量引進外資的同時，有規模相當龐大的資本流向了國外，資本外逃這一問題已經引起我國政府和學術界的廣泛關注。

As a capital controlled country , china has had also a great deal of capital flight since 1990 . although no financial crisis has ever occurred in china , the issue of capital flight will be a hidden trouble in the future development of economy 現有的研究表明,中國作為資本管制國,自上世紀90年代以來也存在相當規模的資本外逃現象,盡管中國并沒有由此而爆發相應的金融危機,但是,資本外逃終究是威脅未來中國經濟穩定發展的重大隱患。

This capital flight counteracted the effect of the actual foreign capital using in our country , causing massive drains of state assets and tax revenue . it also affects the conductive mechanism of monetary and financial policy , weakening the effect of the macroscopic policy 資本外逃一方面抵消了我國利用外資的實際效果、導致大量國有資產和稅收流失,另一方面會影響貨幣政策和財政政策的傳導機制,削弱宏觀政策效果。

Since 1990 ’ s , there have burst out many financial crises in the world , such as european monetary union crisis , mexico crisis , south - east asia crisis , russia crisis and brazil crisis , which were closely related with capital flight 20世紀90年代以來,世界各地相繼爆發的金融危機,如歐洲貨幣聯盟危機、墨西哥金融危機、東南亞金融危機、俄羅斯金融危機,以及巴西金融危機,均與資本外逃( capitalflight )密切相關。

These adjustments are made in accordance with actual situation in china and the defect of that method . based on normative analyses , this thesis introduces the positive analyses of affecting factors of capital flight in china , and gives a reasonable model 在對中國資本外逃的影響因素的分析中，首先逐一分析影響資本外逃的可能因素，然后找出影響最明顯的變量，并于最后得到了影響中國資本外逃的理想模型。

The scale of capital flight has become an important index to weigh a country ’ s economic condition and latent crisis of its financial system . after china joined wto , chinese economy has become the important part of world economic system 因此,資本外逃越來越受到各國的重視,資本外逃的規模成為衡量一國經濟結構完善狀況以及金融體系潛在危機程度的一個重要指標。

The year of 1994 saw a crisis . the vulnerable banking sector was submerged by macroeconomic shocks such as peso devaluation , hiking interest rate and inflation , capital flight , slow economic growth and assets price collapses 脆弱的銀行業無法抵御貨幣貶值、利率和通貨膨脹上升、資本外逃、經濟增長率和資產價格下降等因素造成的沖擊，瀕臨崩潰邊緣。

Meanwhile , the opening - up chinese economy is facing more fierce challenges , of which capital flight is one of important questions . large scale capital flight has been a problem in china ever since 1990 ' s 中國加入wto之后,中國經濟成為世界經濟體系的重要組成部分,中國經濟的開放性也逐漸面臨更多更嚴峻的挑戰,其中資本外逃問題就是其中重要問題之一。

Capital flight , as a special phenomenon of the international capital flows , impact tremendously the safety of the transitional economy , it is also one factor which causes the world economy to develop unsteadily 資本外逃作為一種特殊的跨國資本流動現象,對轉軌經濟國家經濟安全影響巨大,同時也是世界經濟發展的不穩定因素。