这种价格和定价基础的脱节是泡沫的表现。
This disconnection between price and fundamentals is a bubble.
周行长赞赏上世纪40年代凯恩斯提出的以商品为定价基础的国家货币——Bancor的设想。
Mr Zhou praised John Maynard Keynes's proposal in the 1940s for an international currency, the "Bancor", based on commodities.
另一种选择是破产基础，即根据可以立即出售的资产来设定价值。
The alternative is a break-up basis, which sets values according to what the assets could be sold for immediately.
公共帐户将拥有一个基础契约，该契约包含适用于整个公司的定价和产品条款。
The Common account will have a base contract that has the pricing and product terms applicable to the entire corporation.
甚至连其中一家矿商的一位前任高管都承认，当成本基础相同时，将很难培育在定价上真正的竞争。
Even a former top executive of one of the miners conceded that true competition on pricing would be difficult to foster, when the cost base was the same.
预计这家瑞士公司将于周三提交招股说明书，公布关于IPO定价区间和基础投资者的细节。
The Swiss-based trader is expected to publish the details of its IPO price range and cornerstone investors on Wednesday, when it files its prospectus.
然后引出资本资产定价模型，这个模型是很多金融思想的基础。
That will lead us into the capital asset pricing model, which is the cornerstone of a lot of thinking in finance.
但因为大多数地方水通常定价如此低，全然，产生的收益很少足够维持或替换已存在的基础实施。
But since water in most places is usually priced so low, if at all, the revenue generated is seldom enough to maintain or replace even existing infrastructure.
契约的有效集合(及相应的目录筛选和定价)将以活动组织为基础，具体取决于活动组织。
Depending on the active organization, the valid set of contracts (and therefore catalog filtering and pricing) will be based on that active organization.
对信用违约互换定价原理的分析，为其在我国的产品设计及交易构筑了基础。
Analyse of pricing theory of credit default swap build a foundation for its product design and trading in our country.
统一定价结构与额外支付的基础上实现指定的成果。适当提高和转型的采购费用。
Flat rate pricing structure with additional payments based on achieving specified outcomes. Appropriate for enhancement and transformational sourcing.
由于公允价值是以市场定价为基础的，所以其决策价值要明显优于历史成本。
Since it is based on the market pricing, its decision value is apparently better than that of historic cost.
具体来说，大型企业海外上市定价过程主要分为三个阶段：基础分析、市场调查以及路演定价。
Specifically, the pricing process of large enterprises listed overseas can be divided into three stages: basic analysis, market surveys and road shows pricing.
客户单价是软件维护合同定价的基础。
The customer Unit price is the basis for Software Maintenance customer price definition.
在分析R&D项目技术和市场不确定性分布特征的基础上，提出多步骤四项式期权定价模型，用于R&D项目进展评估。
Besed on the analysis of technology and market uncertainty of R&D project, a multi-step quadranomial option pricing model is presented for valuing an ongoing R&D project.
在此基础上，探讨了将随机利率与信用风险相结合的信用风险定价模型——结构模型和简约模型。
After that, the paper introduces two kinds of credit risk pricing models which adopt stochastic interest rate and credit risk: structural model and reduced-form model.
有效市场假说和资本资产定价模型作为实证会计理论研究的理论基础，在此也进行了讨论。
Effective market hypothesis and capital asset pricing model are also discussed here as the base of empirical accounting research.
本文推导了一个不完全市场框架下的基于代表性代理模型基础上的巨灾风险债券定价模型。
This paper deduces a model for pricing catastrophe risk bond based on the representative agent in the framework of incomplete market.
按照微观经济理论，技术要素的供给理论和需求理论是技术要素定价的基础。
According to micro economic theory, the supply and demand theory of factor technology is the base of the pricing of factor technology.
无功功率服务是电力市场辅助服务的一个重要组成部分，而发电厂的无功电价又是整个无功市场定价的基础。
Reactive power service is a key part of power market auxiliary service, and reactive power price in the generation side is the basis of the pricing of reactive power market.
布朗运动理论是布莱克-舒尔斯期权定价理论的基础。
The theory of Brownian motion is the foundation of the pricing theory of Black Scholes.
配电商的成本水平是其定价的基础，也是市场监管者对配电商实施价格监管的依据。
The cost level of electricity distribution utilities is the base both for the pricing and for the price regulation of the power market monitors.
第三章介绍期权的概念、类型及基本参数、期权定价的理论基础和模型以及实物期权和复合期权。
Chapter three introduces the concept, type, basic parameter of the option and theoretical foundation and model of option pricing as well as the real option and the compound option.
在定价理论的基础上，提出了医疗行业的价格竞争策略，并指出了每种策略的实施范围。
The paper puts forward the price competition strategies of the medical treatment profession based on the price theory, and points out the implementing scope of the each strategy.
在提出高校人力资源价值估价的方法基础上，将期权定价理论拓展后应用到高校人力资源价值的评价中。
This article brings forward the methods of appraising the value of human resources in universities and puts the option pricing theory into it.
在此基础上分析了专利联盟定价权分配对联盟形成及社会福利的影响，并给出实践中联盟定价权有效率的分配规则。
On this basis, we analyzed the effect of patent pool pricing power distribute on pool coalition and social welfare, and gave out the efficient pricing power distribute of patent pool in practice.
在分析水价制定原则的基础上，利用平均成本定价法确定了西安市自来水公司满足供水成本的水价和到位的综合水价。
Based on the analysis to the pricing principles and the cost of water supply, this paper proposes the water price fixing method for the xi 'an water supply Company.
通过对股票价格变动的二项式模型的分析，以鞅理论为基础，讨论与轨道相关的期权的定价方法。
This paper analyzes the binomial model of stock price movement, and on the basis of martingale theory discusses the pricing of path dependent options.
通过对股票价格变动的二项式模型的分析，以鞅理论为基础，讨论与轨道相关的期权的定价方法。
This paper analyzes the binomial model of stock price movement, and on the basis of martingale theory discusses the pricing of path dependent options.
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